Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p19
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 19/26)
Character Range: 1279486–1282420

under subsection 1341(3A) of the Corporations Act 2001;
 (e) an amount of interest paid under paragraph 216(7A)(b) of the Life Insurance Act 1995.
Note: An amount of interest paid under paragraph 216(7A)(a) of the Life Insurance Act 1995 is not ordinary income or statutory income.
Note: For interest paid under the Superannuation (Unclaimed Money and Lost Members) Act 1999, see subsections 307‑142(3B) and (3C).

51‑125  2018 storms—relief payments
 (1) A payment is exempt from income tax if the payment:
 (a) is made to a primary producer for the purposes of an agreement covered by subsection (2); and
 (b) relates to storm damage sustained by the primary producer on or around 25 October 2018.
 (2) An agreement is covered by this subsection if:
 (a) the parties to the agreement are the Commonwealth and the Foundation for Rural and Regional Renewal; and
 (b) the objective of the agreement is principally to assist primary producers affected by storms that occurred on or around 25 October 2018.
Note: Payments may be made to primary producers by the Foundation for Rural and Regional Renewal, or by other entities on behalf of the Foundation.

Division 52—Certain pensions, benefits and allowances are exempt from income tax

Guide to Division 52

52‑1  What this Division is about

      Certain payments made under various Acts are wholly or partly exempt from income tax. This Division tells you if a payment is exempt and how much is exempt.

Table of Subdivisions
52‑A Exempt payments under the Social Security Act 1991
52‑B Exempt payments under the Veterans' Entitlements Act 1986
52‑C Exempt payments made because of the Veterans' Entitlements (Transitional Provisions and Consequential Amendments) Act 1986
52‑CA Exempt payments under the Military Rehabilitation and Compensation Act 2004
52‑CB Exempt payments under the Australian Participants in British Nuclear Tests and British Commonwealth Occupation Force (Treatment) Act 2006
52‑CC Exempt payments under the Treatment Benefits (Special Access) Act 2019
52‑E Exempt payments under the ABSTUDY scheme
52‑F Exemption of Commonwealth education or training payments
52‑G Exempt payments under the A New Tax System (Family Assistance) (Administration) Act 1999
52‑H Other exempt payments

Subdivision 52‑A—Exempt payments under the Social Security Act 1991

Guide to Subdivision 52‑A

52‑5  What this Subdivision is about

      This Subdivision tells you:

                (a) the payments under the Social Security Act 1991 that are wholly or partly exempt from income tax; and
                (b) any special circumstances, conditions or exceptions that apply to a payment in order for it to be exempt; and
                (c) how to work out how much of a payment is exempt.

Table of sections

Operative provisions
52‑10 How much of a social security payment is exempt?
52‑15 Supplementary amounts of payments
52‑20 Tax‑free amount of an ordinary payment after