Document ID: chunk:federal_register_of_legislation:C2011C00702:clause:2_757
Version: federal_register_of_legislation:C2011C00702
Segment Type: clause
Provision Reference: sch 2 cl 757
Character Range: 155147–156885

757  After Division 830
Insert:

Division 842—Exempt Australian source income and gains of foreign residents

Table of Subdivisions

842‑B Some items of Australian source income of foreign residents that are exempt from income tax

Subdivision 842‑B—Some items of Australian source income of foreign residents that are exempt from income tax

Guide to Subdivision 842‑B

842‑100  What this Subdivision is about

      If you are a foreign resident, some of the income you derive while in Australia, or from Australian sources, may be exempt income.

Table of sections

842‑105 Amounts of Australian source ordinary income and statutory income that are exempt

842‑105  Amounts of Australian source ordinary income and statutory income that are exempt

  The amounts of *ordinary income and *statutory income covered by the table are exempt from income tax. In some cases, the exemption is subject to exceptions or special conditions, or both.

Note 1: Ordinary and statutory income that is exempt from income tax is called exempt income: see section 6‑20. The note to subsection 6‑15(2) describes some of the other consequences of it being exempt income.

Note 2: Even if an exempt payment is made to you, the Commissioner can still require you to lodge an income tax return or information under section 161 of the Income Tax Assessment Act 1936.

Exempt amounts
Item            If you are:                                                                                                                                               the following amounts are exempt from income tax:                                                                                                  subject to these exceptions and special conditions: