Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 54.1

Certain annuities and lump sums provided under structured settlements and structured orders are exempt from income tax. This Division tells you what a structured settlement is and what a structured order is, and when such an annuity or lump sum is exempt.

Table of sections

Operative provisions

54 - 5   Definitions

54 - 10   Meaning of structured settlement and structured order