Document ID: chunk:federal_register_of_legislation:C2007A00009:clause:2_2:p6
Version: federal_register_of_legislation:C2007A00009
Segment Type: clause
Provision Reference: sch 2 cl 2 (pt 6/6)
Character Range: 314662–315893

service is exempt from income tax under section 23AF of that Act.

 (2) For the purposes of subparagraph (1)(a)(ii), treat the termination of engagement on qualifying service on an approved project as including:
 (a) retirement from the engagement; and
 (b) cessation of the engagement because of the person's death.

Note: The termination of a person's employment is treated in the same way: see section 80‑10.

Subdivision 83‑E—Other payments

Guide to Subdivision 83‑E

83‑290  What this Subdivision is about

      If a payment you receive in consequence of the termination of your employment is made more than 12 months after the termination of your employment, it does not qualify as an employment termination payment, subject to certain exceptions (see section 82‑130).
      The payment is treated as assessable income and no tax concession is allowed under Division 82.

Table of sections

Operative provisions

83‑295 Termination payments made more than 12 months after termination etc.

Operative provisions

83‑295  Termination payments made more than 12 months after termination etc.

  A payment received by you that would be an *employment termination payment but for paragraph 82‑130(1)(b) is assessable income.