Commonwealth Consolidated Acts Commonwealth Consolidated ActsThe provisions set out in the list make amounts non - assessable non - exempt income.
Provisions of the Income Tax Assessment Act 1997 are identified in normal text. The other provisions, in bold , are provisions of the Income Tax Assessment Act 1936 .
alienated personal services income |
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associate, non - deductible payment or obligation to | 85 - 20(3) |
entitlements to a share of
net income that is personal services income already assessable to an
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payments by personal services entity or associate of personal services income already assessable to an individual |
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personal services entity, amounts of personal services income assessable to an individual |
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bonds |
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see securities |
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capital gains tax |
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small business retirement exemption, payments made directly or indirectly to CGT concession stakeholder so company or trust complies with section 152 - 325 |
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cash flow boost |
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payments in accordance with the Boosting Cash Flow for Employers (Coronavirus Economic Response Package) Act 2020 |
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Coronavirus economic response |
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certain payments in accordance with the Coronavirus Economic Response Package (Payments and Benefits) Act 2020 |
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State and Territory grants to small business relating to the recovery from the coronavirus |
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Commonwealth small business support payments relating to the coronavirus |
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COVID - 19 disaster payment | 59 - 96 |
demutualisation of friendly society health or life insurers |
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amounts related to issue, or transfer from lost policy holders trust, of demutualisation assets |
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payments received directly, or from lost policy holders trust, in exchange for cancellation or variation of interests under the demutualisation |
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demutualisation of private health insurers |
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market value of shares and rights at time of issue ...... | 315 - 310 |
payments received in exchange for cancellation or variation of interests under the demutualisation |
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disasters |
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2019 - 20 bushfires--payments for volunteer work with fire services |
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2019 - 20 bushfires--disaster relief payments and non - cash benefits |
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2019 floods--recovery grants ................... | 59 - 85 |
2019 floods--on - farm grant program ....... | 59 - 86 |
2021 floods and storms--recovery grants ........... | 59 - 99 |
Cyclone Seroja--recovery grants ................ | 59 - 105 |
dividends |
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demerger dividends ......................... | 44(4) |
later dividend set off against amount taken to be dividend | 109ZC(3), 109ZCA(4) |
electricity generation |
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refund of large - scale generation shortfall charge | 59 - 100 |
employment |
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83 - 170 | |
employment termination payment ............... | 82 - 10 |
foreign termination payment ................... | 83 - 235 |
genuine redundancy payment, tax free amount of ..... | 83 - 170 |
unused long service leave payment, pre - 16/8/78 |
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see superannuation and sections 82 - 10A and 82 - 10C of the Income Tax (Transitional Provisions) Act 1997 |
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environment |
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water infrastructure improvement payments ......... | 59 - 65 |
farm - in farm - out arrangements |
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rewards for providing exploration benefits .......... | 40 - 1135 |
financial arrangements |
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gains related to non - assessable non - exempt income | 230 - 30 |
firearms surrender arrangements |
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compensation under ......................... | 59 - 10 |
foreign aspects of income taxation |
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attributed controlled foreign company income, amounts paid out of |
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attributed foreign investment fund income, amounts paid out of |
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certain forex realisation gains ................... | 775 - 25 |
branch profits of Australian companies ............ | 23AH |
distributions of conduit foreign income ............ | 802 - 20 |
income derived by foreign residents in exclusive economic zone or on or above continental shelf | 768 - 110 |
foreign equity distributions on participation interests ... | 768 - 5 |
income derived by temporary residents. ............ | 768 - 910 |
interest paid by temporary residents ............... | 768 - 980 |
managed investment trust withholding tax, amount subject to |
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labour mobility program withholding tax, amount subject to |
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superannuation fund, foreign, interest and dividend income of |
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withholding tax, dividend royalty or interest subject to .. | 128D |
GST |
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GST payable on a taxable supply ................ | 17 - 5(a) |
increasing adjustments ....................... | 17 - 5(b) and (c) |
investment manager regime |
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IMR concessions ........................... | 842 - 215 |
life insurance companies .......................... | Subdivision 320 - B |
mining |
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withholding tax, payments to Indigenous persons and distributing bodies subject to |
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mutual receipts |
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amounts that would be mutual receipts but for prohibition on distributions to members or issue of MCIs |
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payments made, and non - cash benefits provided, by a State or Territory governmental body in relation to participation in the National Rental Affordability Scheme.................................................................. |
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native title benefits .......................... | 59 - 50 |
non - cash benefits |
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fringe benefits ............................. | 23L(1) |
notional sale and loan |
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arrangement payments a notional seller receives or is entitled to receive |
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luxury car leases, lease payments that the lessor receives or is entitled to receive |
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deemed loan treatment for financial benefits provided for tax preferred use of asset |
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related entities |
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amounts from, where deduction reduced for ......... | 26 - 35(4) |
repayable amounts |
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previously assessable amounts .................. | 59 - 30 |
rights to acquire shares or units |
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market value of at time of issue ................. | 59 - 40 |
small business assets |
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income arising from CGT event, company or trust owned asset continuously for 15 years |
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sovereign entities .............................. | Subdivision 880 - C |
superannuation |
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benefits generally .......................... | Divisions 301 to 306 |
commutation of income stream, under 25 years ....... | 303 - 5 |
death benefits ............................. | 302 - 60 |
departing Australia superannuation benefits ......... | 301 - 175 |
foreign superannuation funds, lump sum benefits ..... | 305 - 60 |
KiwiSaver schemes, contributions to complying superannuation funds from |
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KiwiSaver schemes, superannuation benefits paid from complying superannuation funds to |
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KiwiSaver schemes, superannuation benefits paid by Commissioner to |
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member benefits ........................... | 301 - 10 |
release authorities, payments from ............... | 303 - 15 303 - 20 |
roll - over superannuation benefits .......... | 306 - 5 |
superannuation lump sum for recipient having terminal medical condition |
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unclaimed money payment to government .......... | 306 - 20 |
tax loss transfers |
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consideration received by loss company from income company, generally |
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consideration received by loss company from income company, net capital loss |
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consideration received for transfer of tax losses relating to transitioned petroleum activities |
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see foreign aspects of income taxation |
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disposal outside ordinary course of business, amounts received upon |
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transfer of entitlements to deductions |
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consideration received for transfer of entitlements to deductions relating to transitioned petroleum activities |
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trusts |
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attributable income, amounts representing .......... | 99B(2A) |
family trust distribution tax, amounts subject to ....... | 271 - 105(3) in Schedule 2F |
windfall amounts |
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business franchise fees, refund of when invalid ....... | 59 - 20 |
State tax on Commonwealth place, refund of when invalid |
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see foreign aspects of income taxation and mining |
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