Taxation Laws Amendment (Structured Settlements and Structured Orders) Act 2002 (139 of 2002)
Schedule 1
Part 1 Main amendments
Income Tax Assessment Act 1997
1A Subsection 995-1(1) (at the end of the definition of exempt life insurance policy)
Add:
; or (f) that provides for either or both of the following:
(i) a *personal injury annuity, payments of which are exempt from income tax under Division 54;
(ii) a *personal injury lump sum, payment of which is exempt from income tax under Division 54.
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