Document ID: chunk:federal_register_of_legislation:C2011C00702:clause:2_748
Version: federal_register_of_legislation:C2011C00702
Segment Type: clause
Provision Reference: sch 2 cl 748
Character Range: 147806–149102

748  Before Subdivision 768‑G
Insert:

Subdivision 768‑B—Some items of income that are exempt from income tax

Table of sections

768‑100 Foreign government officials in Australia
768‑105 Compensation arising out of Second World War

768‑100  Foreign government officials in Australia

 (1) 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: