Document ID: chunk:federal_register_of_legislation:C2025C00029:section:10:p23
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 10 (pt 23/29)
Character Range: 269102–273011

a foreign trust...................                                                                                                  98B
non‑resident beneficiary................                                                                                                           98A(2)(a)
trust income of beneficiary with legal disability.......                                                                                           100(2)
trust income (modifications for special disability trusts).
                                                                                                                                                   95AB(5)
see also dividends, housing and small business entities
United Nations forces
salary, wages and allowances from service as a member of
                                                                                                                                                   23AB(7)
unemployment benefits
see social security and other benefit payments
unit trusts
see dividends
winding‑up of non‑resident trust estates
see trusts
withholding payments
made by companies to Australian seafarers..........                                                                                                Subdivision 61‑N
zone
residents of isolated areas .....................                                                                                                  79A

Chapter 2—Liability rules of general application

Part 2‑1—Assessable income

Division 15—Some items of assessable income

Guide to Division 15

15‑1  What this Division is about

      This Division sets out some items that are included in your assessable income. Remember that the general rules about assessable income in Division 6 apply to these items.

Table of sections

Operative provisions
15‑2 Allowances and other things provided in respect of employment or services
15‑3 Return to work payments
15‑5 Accrued leave transfer payments
15‑10 Bounties and subsidies
15‑15 Profit‑making undertaking or plan
15‑20 Royalties
15‑22 Payments made to members of a copyright collecting society
15‑23 Payments of resale royalties by resale royalty collecting society
15‑25 Amount received for lease obligation to repair
15‑30 Insurance or indemnity for loss of assessable income
15‑35 Interest on overpayments and early payments of tax
15‑40 Providing mining, quarrying or prospecting information or geothermal exploration information
15‑45 Amounts paid under forestry agreements
15‑46 Amounts paid under forestry managed investment schemes
15‑50 Work in progress amounts
15‑55 Certain amounts paid under funeral policy
15‑60 Certain amounts paid under scholarship plan
15‑70 Reimbursed car expenses
15‑75 Bonuses
15‑80 Franked distributions entitled to a foreign income tax deduction—Additional Tier 1 capital exception

Operative provisions

15‑2  Allowances and other things provided in respect of employment or services
 (1) Your assessable income includes the value to you of all allowances, gratuities, compensation, benefits, bonuses and premiums *provided to you in respect of, or for or in relation directly or indirectly to, any employment of or services rendered by you (including any service as a member of the Defence Force).
 (2) This is so whether the things were *provided in money or in any other form.
 (3) However, the value of the following are not included in your assessable income under this section:
 (a) a *superannuation lump sum or an *employment termination payment;
 (b) an *unused annual leave payment or an *unused long service leave payment;
 (c) a *dividend or *non‑share dividend;
 (d) an amount that is assessable as *ordinary income under section 6‑5;
 (e) *ESS interests to which Subdivision 83A‑B or 83A‑C (about employee share schemes) applies.
Note: Section 23L of the Income Tax Assessment Act 1936 provides that fringe benefits