Source: http://www5.austlii.edu.au/au/legis/cth/consol_act/itaa1997240/s52.10.html
Timestamp: 2020-07-08 01:34:06
Document Index: 171265729

Matched Legal Cases: ['art 2', 'art 2', 'art 2', 'art 2', 'art 2', 'art 2', 'art 2', 'art 5']

INCOME TAX ASSESSMENT ACT 1997 - SECT 52.10 How much of a social security payment is exempt?
INCOME TAX ASSESSMENT ACT 1997 - SECT 52.10
How much of a social security payment is exempt?
(1) The table in this section tells you about the income tax treatment of social security payments, other than payments of:
(ad) first 2020 economic support payment under the Social Security Act 1991 ; or
(ae) second 2020 economic support payment under the Social Security Act 1991 ; or
Note: Section 52-40 sets out the provisions of the Social Security Act 1991 under which the payments are made.
(1A) Payments of pension bonus and pension bonus bereavement payment under Part 2.2A of the Social Security Act 1991 are exempt from income tax.
(1AA) Child disability assistance under Part 2.19AA of the Social Security Act 1991 is exempt from income tax.
(1AC) One-off energy assistance payments under Part 2.6 of the Social Security Act 1991 are exempt from income tax.
(1AD) One-off energy assistance payments under Part 2.6A of the Social Security Act 1991 are exempt from income tax.
(a) first 2020 economic support payments under Division 1 of Part 2.6B of the Social Security Act 1991 ;
(b) second 2020 economic support payments under Division 2 of Part 2.6B of the Social Security Act 1991 .
(1CA) The following payments under the Social Security Act 1991 are exempt from income tax:
(a) a scheme determined under item 1 of Schedule 2 to the Social Security and Veterans' Entitlements Legislation Amendment (One-off Payments to Increase Assistance for Older Australians and Carers and Other Measures) Act 2006 ;
(b) a scheme determined under item 1 of Schedule 2 to the Social Security and Veterans' Affairs Legislation Amendment (One-off Payments and Other 2007 Budget Measures) Act 2007 ;
(c) a scheme determined under item 1 of Schedule 2 to the Social Security and Veterans' Entitlements Legislation Amendment (One-off Payments and Other Budget Measures) Act 2008 .
(1D) The following payments under the Social Security Act 1991 are exempt from income tax:
(a) a scheme determined under Schedule 3 to the Family Assistance Legislation Amendment (More Help for Families--One-off Payments) Act 2004 ;
(c) a scheme determined under Schedule 4 to the Social Security and Veterans' Entitlements Legislation Amendment (One-off Payments to Increase Assistance for Older Australians and Carers and Other Measures) Act 2006 ;
(d) a scheme determined under Schedule 4 to the Social Security and Veterans' Affairs Legislation Amendment (One-off Payments and Other 2007 Budget Measures) Act 2007 ;
(e) a scheme determined under Schedule 4 to the Social Security and Veterans' Entitlements Legislation Amendment (One-off Payments and Other Budget Measures) Act 2008 .
(1L) Clean energy payments under the Social Security Act 1991 are exempt from income tax.
(2) Expressions used in this Subdivision that are also used in the Social Security Act 1991 have the same meaning as in that Act.
(3) Ordinary payment means a payment other than a payment made because of a person's death.
Advance pharmaceutical supplement
(see section 52- 25)
2AA.1
Exempt up to the tax-free amount (see section 52-30)
Exempt, but if it is made under section 236A of the Social Security Act 1991 , exempt only up to the tax-free amount (see section 52- 35)
Exempt up to the tax-free amount if it is made under section 239 of the Social Security Act 1991 (see section 52- 25)
Disability support pension : you are pension age or over
Disability support pension : you are under pension age
Parenting payment (pension PP (single))
Energy supplement under Part 2.25B of the Social Security Act 1991
Special needs disability support pension : you are pension age or over
Special needs disability support pension : you are under pension age
Special needs wife pension : you are pension age or over
Special needs wife pension : your partner is pension age or over
Special needs wife pension : both you and your partner are under pension age
Special needs wife pension : you are under pension age and your partner has died
Note: A reference in this table to jobseeker payment or youth allowance includes a reference to farm household allowance under the Farm Household Support Act 2014 (see Part 5 of that Act). Other payments referred to in this table (such as advance pharmaceutical supplement) might also be payable to a person who is receiving farm household allowance.