Document ID: chunk:federal_register_of_legislation:C2010C00685:clause:5_5
Version: federal_register_of_legislation:C2010C00685
Segment Type: clause
Provision Reference: sch 5 cl 5
Character Range: 93010–93692

5  Section 20‑10
Repeal the section, substitute:

20‑10  What this Subdivision is about

      Recoupment of expenses you incurred and can deduct
      Your assessable income may include an amount that you receive by way of insurance, indemnity or other recoupment if:
           it is for a deductible expense; and
           it is not otherwise assessable income.
      Recoupment of expenses you did not incur but can deduct
      Your assessable income may include an amount that another entity receives by way of insurance, indemnity or other recoupment if:
           it is for an expense that you can deduct; and
           it is not otherwise your assessable income.