Document ID: chunk:federal_register_of_legislation:C2007A00183:clause:1_45uuc
Version: federal_register_of_legislation:C2007A00183
Segment Type: clause
Provision Reference: sch 1 cl 45UUC
Character Range: 24295–25532

45UUC  Definition of PBBP employment income

 (1) PBBP employment income, of a person:
 (a) means ordinary income that is, or is taken to be, earned, derived or received by the person or the person's partner from gainful work; and
 (b) includes (without limitation) any of the following that is, or is taken to be, earned, derived or received by the person or the person's partner:
 (i) salary, wages, commissions and employment‑related fringe benefits;
 (ii) leave payments;
 (iii) payments to the person or the person's partner by a former employer of the person or person's partner in relation to the termination of the person's or partner's employment.

 (2) For the purposes of subparagraph (1)(b)(ii), a leave payment:
 (a) includes a payment in respect of sick leave, personal leave, carer's leave, annual leave, maternity leave, long service leave or special leave; and
 (b) may be made as a lump sum payment, a series of regular payments or otherwise; and
 (c) is taken to be made to a person if it is made to another person:
 (i) at the direction of the person or of a court; or
 (ii) on behalf of the person; or
 (iii) for the benefit of the person; or
 (iv) if the person waives or assigns his or her right to the payment.