Income Tax Assessment Act| Apprentice Tax Practitioner Program
Division 55—Payments that are not exempt from income tax
Guide to Division 55
55-1 What this Division is about
A variety of payments are not exempt from income tax even though they are similar in nature to payments that are wholly or partly exempt under this Part.
Table of sections
Operative provisions
55-5 Occupational superannuation payments
55-10 Education entry payments
Operative provisions
55-5 Occupational superannuation payments
(1) This Part does not exempt from income tax any amount or pension paid under the following provisions or Acts, or under schemes established under any of them:
(a) Defence Force Retirement and Death Benefits Act 1973;
(b) Defence Forces Retirement Benefits Act 1948;
(c) Military Superannuation and Benefits Act 1991;
(d) Papua New Guinea (Staffing Assistance) Act 1973;
(e) Parliamentary Contributory Superannuation Act 1948;
(f) section 10 of the Superannuation (Pension Increases) Act 1971;
(g) section 9 or 14 of the Superannuation Act (No. 2) 1956;
(h) subsection 8(1) of the Superannuation Act 1948;
(i) Superannuation Act 1922;
(j) Superannuation Act 1976;
(k) Superannuation Act 1990.
(2) This section operates despite anything contained in any other provision of this Part.
55-10 Education entry payments
This Part does not exempt from income tax an education entry payment under Part 2.13A of the Social Security Act 1991.
Income Tax Assessment Act| Apprentice Tax Practitioner Program