INCOME TAX ASSESSMENT ACT 1997 - SECT 11.15 Ordinary or statutory income which is exempt only if it is derived by certain entities

Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 11.15

Ordinary or statutory income which is exempt only if it is derived by certain entities

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.

agricultural industry exit grants
sugar industry exit grants......................................................	53‑10
tobacco industry exit grants..................................................	53‑10
copyright collecting societies
copyright income....................................................................	51‑43(2)(a)
non‑copyright income up to certain limits..........................	51‑43(2)(b)
credit unions
interest......................................................................................	23G
defence
Defence Force member, allowances.....................................	51‑5
Defence Force member, compensation payments for loss of deployment allowance for warlike service................	51‑5
F‑111 Deseal/Reseal Ex‑gratia Lump Sum Payments .........	51‑5
Former Reserve Defence Force member, compensation payments for loss of pay and/or allowances................	51‑5
Reserve Defence Force member, pay and allowances.......	51‑5
education and training
Apprenticeship Wage Top‑Up payment, recipient of.......	51‑10
bursary, educational allowance etc. ....................................	51‑10 and 51‑35
Commonwealth Trade Learning Scholarship, recipient of	51‑10
CRAFT scheme, employer's income from...........................	51‑10
early completion bonuses for apprentices..........................	51‑10 and 51‑42
Endeavour Awards, research fellowship under.................	51‑10
Endeavour Executive Award.................................................	51‑10
foreign student, scholarship and bursary to......................	842‑105
full‑time student, income from a scholarship, bursary, other educational allowance or educational assistance..........................................................................	51‑10 and 51‑35
isolated child, income for the provision of education of..	51‑10 and 51‑40
secondary student, income for the provision of education of ......................................................................	51‑10 and 51‑40
Skills for Sustainability for Australian Apprentices payment, recipient of........................................................	51‑10
Tools for Your Trade payment (under the program known as the Australian Apprenticeships Incentives Program), recipient of .......................................................	51‑10
family assistance
baby bonus..............................................................................	52‑150
child care benefit ....................................................................	52‑150
child care rebate......................................................................	52‑150
family tax benefit ....................................................................	52‑150
maternity immunisation allowance.......................................	52‑150
one‑off payment to families ..................................................	52‑150
payments to families under the scheme determined under Schedule 3 to the Family Assistance Legislation Amendment (More Help for Families--One‑off Payments) Act 2004 ........................................................	52‑150
economic security strategy payment to families................	52‑150
payments to families under the scheme determined under Schedule 4 to the Social Security and Other Legislation Amendment (Economic Security Strategy) Act 2008 ...........................................................	52‑160
back to school bonus or single income family bonus.......	52‑150
payments under the scheme determined under Schedule 4 to the Household Stimulus Package Act (No. 2) 2009 ......................................................................	52‑165
foreign aspects of income taxation
approved overseas project, income from ...........................	23AF
Commonwealth of Nations country officer, official salary and foreign income ..........................................................	768‑100
consul and official staff member, official salary and foreign income ..................................................................	768‑100
Defence Force member, pay and allowances from being on eligible duty ................................................................	23AD
Defence Force member, foreign resident, pay and allowances of ....................................................................	842‑105
Defence Force member, pay and allowances from performing duties in operational areas .........................	23AC
defence of Australia , overseas person's income from assisting in Australia 's defence.....................................	842‑105
diplomat and official staff member, official salary and foreign income ..................................................................	768‑100
educational, scientific, religious or philanthropic society, income of a visiting representative of ..........................	842‑105
expert, foreign resident, remuneration of ............................	842‑105
foreign society or association representative, income of	842‑105
government representative and members of the entourage, foreign resident, income of .........................	842‑105
OBU off‑shore investment trusts, income to which subsection 121D(6) applies ...........................................	121EL
OBU investment trusts for overseas charitable institutions.........................................................................	121EL(2)
overseas charitable institutions, income from OBUs........	121ELA(1)
overseas employment income, resident, income of ..........	23AG
persecution victim, payments to ..........................................	768‑105
press representative, foreign, income of ............................	842‑105
resistance fighter and victim of wartime persecution, payments to ......................................................................	768‑105
Territory resident, income from sources in a prescribed Territory ............................................................................	24G
Territory resident company or trust, income from sources outside Australia ..............................................	24F
United Nations, income from service with .........................	23AB
United States projects, income from approved overseas projects ..............................................................................	23AA
life insurance companies	Subdivision 320‑B
small business retirement exemption
payment by company or trust, arising from CGT event ...	152‑310(2)
social security or like payments
ABSTUDY scheme, payment under.....................................	Subdivision 52‑E
carer adjustment payment......................................................	53‑10
carer supplement.....................................................................	52‑10
child disability assistance......................................................	Subdivision 52‑A
Commonwealth education or training payment..................	Subdivision 52‑F
DFISA bonus and DFISA bonus bereavement payment.	52‑65
disability services payment ..................................................	53‑10
economic security strategy payment under the Social Security Act 1991.............................................................	52‑10
economic security strategy payment under the Veterans' Entitlements Act 1986 .....................................................	52‑65
education entry payment supplement under the Social Security Act 1991 .............................................................	52‑10
exceptional circumstances relief, payment for ...................	53‑10 and 53‑15
farmers hardship bonus under the Social Security Act 1991 ....................................................................................	52‑10
farm help income support......................................................	53‑10 and 53‑15
lump sum payment under section 198N of the Veterans' Entitlements Act 1986.....................................................	52‑65
2006 one‑off payment to older Australians under the Social Security Act 1991 ................................................	52‑10
payments under the scheme determined under item 1 of Schedule 2 to the Social Security and Veterans' Entitlements Legislation Amendment (One‑off Payments to Increase Assistance for Older Australians and Carers and Other Measures) Act 2006 ....................................................................................	52‑10
2007 one‑off payment to older Australians under the Social Security Act 1991 ................................................	52‑10
payments under a scheme determined under item 1 of Schedule 2 to the Social Security and Veterans' Affairs Legislation Amendment (One‑off Payments and Other 2007 Budget Measures) Act 2007 .............	52‑10
2008 one‑off payment to older Australians under the Social Security Act 1991 ................................................	52‑10
payments under a scheme determined under item 1 of Schedule 2 to the Social Security and Veterans' Entitlements Legislation Amendment (One‑off Payments and Other Budget Measures) Act 2008 .....	52‑10
payments under the scheme determined under Schedule 4 to the Household Stimulus Package Act (No. 2) 2009 ......................................................................	52‑165
payments under the scheme determined under Schedule 4 to the Social Security and Other Legislation Amendment (Economic Security Strategy) Act 2008 ...........................................................	52‑160
2008 one‑off payment to older Australians under the Veterans' Entitlements Act 1986 ...................................	52‑65
payments under the scheme determined under item 2 of Schedule 2 to the Social Security and Veterans' Entitlements Legislation Amendment (One‑off Payments and Other Budget Measures) Act 2008 .....	52‑65
one‑off payment to carers (carer allowance related) or one‑off payment to carers (carer payment related) .....	52‑10
payments to carers under the scheme determined under Schedule 3 to the Family Assistance Legislation Amendment (More Help for Families--One‑off Payments) Act 2004 ........................................................	52‑10
2005 one‑off payment to carers (carer payment related), 2005 one‑off payment to carers (carer service pension related) or 2005 one‑off payment to carers (carer allowance related)..................................................	52‑10
payments under the scheme determined under Schedule 2 to the Social Security Legislation Amendment (One‑off Payments for Carers) Act 2005	52‑10
2006 one‑off payment to carers (carer payment related), 2006 one‑off payment to carers (wife pension related), 2006 one‑off payment to carers (partner service pension related), 2006 one‑off payment to carers (carer service pension related) or 2006 one‑off payment to carers (carer allowance related) ................	52‑10
payments under the scheme determined under Schedule 4 to the Social Security and Veterans' Entitlements Legislation Amendment (One‑off Payments to Increase Assistance for Older Australians and Carers and Other Measures) Act 2006 ...................................................................................	52‑10
2007 one‑off payment to carers (carer payment related), 2007 one‑off payment to carers (wife pension related), 2007 one‑off payment to carers (partner service pension related), 2007 one‑off payment to carers (carer service pension related) or 2007 one‑off payment to carers (carer allowance related).................	52‑10
payments under the scheme determined under Schedule 4 to the Social Security and Veterans' Affairs Legislation Amendment (One‑off Payments and Other 2007 Budget Measures) Act 2007 .............	52‑10
2008 one‑off payment to carers (carer payment related), 2008 one‑off payment to carers (wife pension related), 2008 one‑off payment to carers (partner service pension related), 2008 one‑off payment to carers (carer service pension related) or 2008 one‑off payment to carers (carer allowance related).................	52‑10
payments under the scheme determined under Schedule 4 to the Social Security and Veterans' Entitlements Legislation Amendment (One‑off Payments and Other Budget Measures) Act 2008 .....	52‑10
pension bonus and pension bonus bereavement payment..............................................................................	52‑10 and 52‑65
persecution victim, payments to ..........................................	768‑105
private health insurance.........................................................	52‑125
resistance fighter and victim of wartime persecution, payments to ......................................................................	768‑105
social security payments ......................................................	Subdivision 52‑A
training and learning bonus under the Social Security Act 1991 .............................................................................	52‑10
travelling expenses for Australian participants in British nuclear tests .....................................................................	Subdivision 52‑CB
veteran, Australian and United Kingdom , payment to ....	53‑20
veteran, payment to ...............................................................	Subdivisions 52‑B and 52‑C
wounds and disability pension ............................................	53‑10
see also welfare
structured settlements and structured orders
annuities and lump sums........................................................	Subdivisions 54‑B, 54‑C and 54‑D
student
see education and training
superannuation and related business
approved deposit fund, continuously complying fixed interest, income from 25 May 1988 deposits ...............	295‑390 of the Income Tax (Transitional Provisions) Act 1997
approved deposit fund, income from a grant of financial assistance under Part 23 of the Superannuation Industry (Supervision) Act 1993 ..................................	295‑405 (table item 1)
approved deposit fund, non‑reversionary bonuses on policies of life assurance ................................................	295‑335 (table item 1)
pooled superannuation trust, income from constitutionally protected funds ...................................	295‑335 (table item 2)
pooled superannuation trust, income from current pension liabilities of complying superannuation funds ..................................................................................	295‑400
pooled superannuation trust, non‑reversionary bonuses on policies of life assurance ...........................................	295‑335 (table item 1)
superannuation fund, income from other assets used to meet current pension liabilities ......................................	295‑390
superannuation fund, income from segregated current pensions assets ...............................................................	295‑385
superannuation fund, non‑reversionary bonuses on policies of life assurance ................................................	295‑335 (table item 1)
superannuation fund, regulated, income from a grant of financial assistance under Part 23 of the Superannuation Industry (Supervision) Act 1993 ...	295‑405 (table item 1)
United Nations
Australian Federal Police member in Cambodia , pay and allowance ..........................................................................	23ADA
United Nations Service, income from ..................................	23AB
venture capital
eligible venture capital investments, gain or profit from realisation of......................................................................	51‑54
eligible venture capital investments by ESVCLPs, income derived from.......................................................................	51‑52
venture capital equity, gain or profit from realisation of...	51‑55
welfare
Income Recovery Subsidy for the North Queensland floods of January and February 2009............................	51‑30
Income Recovery Subsidy for the Victorian bushfires of January and February 2009.............................................	51‑30
maintenance payment.............................................................	51‑30 and 51‑50
see also social security or like payments

Note: The following provisions of the Income Tax Assessment Act 1936 give rise to notional exempt income and not exempt income. For this reason the provisions do not appear in the lists of kinds of exempt income.

The provisions are: paragraphs 384(1)(b) and 385(1)(b), subsection 402(2) and sections 403 and 404.

Table of sections

11‑50 Effect of this Subdivision

11‑55 List of non‑assessable non‑exempt income provisions

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