Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 83.15

    You are entitled to a * tax offset to ensure that the rate of tax on an * unused annual leave payment does not exceed 30%, to the extent that:

  (a)   the payment was made in connection with a payment that includes, or consists of, any of the following:

  (i)   a * genuine redundancy payment;

  (ii)   an * early retirement scheme payment;

  (iii)   the * invalidity segment of an * employment termination payment or * superannuation benefit; or

  (b)   the payment was made in respect of employment before 18   August 1993.