Document ID: chunk:federal_register_of_legislation:C2016C00475:clause:1_317
Version: federal_register_of_legislation:C2016C00475
Segment Type: clause
Provision Reference: sch 1 cl 317
Character Range: 108628–109193

317  Point 1068A‑E2
Repeal the point, substitute:

     Directed termination payments excluded
1068A‑E2  If:
 (a) a person's employment has been terminated; and
 (b) as a result the person is entitled to a lump sum payment from the person's former employer; and
 (c) the payment, or part of the payment, is a directed termination payment within the meaning of section 82‑10F of the Income Tax (Transitional Provisions) Act 1997;
     the payment, or that part, is to be disregarded in working out the ordinary income of the person for the purposes of this Module.