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INCOME TAX ASSESSMENT ACT 1997 - SECT 11.15

Ordinary or statutory income which is exempt

                   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

 

tobacco industry exit grants...............................................

53-10

copyright collecting societies

51-43

credit unions

 

interest....................................................................................

23G

defence

 

Defence Abuse Reparation Scheme, payments under..

51-5

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

dividends or shares

 

pooled development fund company dividend ...............

124ZM

pooled development fund company shares, income from sale of ....................................................................


124ZN

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

 

back to school bonus or single income family bonus....

52-150

child care benefit .................................................................

52-150

child care rebate....................................................................

52-150

clean energy advance..........................................................

52-150

economic security strategy payment to families............

52-150

ETR payment........................................................................

52-150

ETR payment, payments under the scheme determined under Part 2 of Schedule 1 to the Family Assistance and Other Legislation Amendment (Schoolkids Bonus Budget Measures) Act 2012 ...........................................................................




52-162

families, payments to, under the scheme determined under Schedule 4 to the Social Security and Other Legislation Amendment (Economic Security Strategy) Act 2008 .........................................................

52-160

family tax benefit ................................................................

52-150

Household Stimulus Package Act (No. 2) 2009 , payments under scheme determined under Schedule 4 to the............................................................

52-165

single income family supplement......................................

52-150

stillborn baby payment.......................................................

52-150

financial arrangements

 

gains related to exempt income.........................................

230-30

financial transactions

 

infrastructure borrowings, income in relation to ............

159GZZZZE

pooled development fund company dividends..............

124ZM

pooled development fund company shares, income from sale of ....................................................................


124ZN

foreign aspects of income taxation

 

approved overseas project, income from .......................

23AF

Australian-American Education Foundation, grant from..................................................................................


51-10

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, foreign resident, pay and
allowances of .................................................................


842-105

Defence Force member, pay and allowances from being on eligible duty ....................................................


23AD

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

forex realisation gains, certain...........................................

775-20

government representative and members of the entourage, foreign resident, income of ......................


842-105

OBU investment trusts for overseas charitable institutions.......................................................................


121EL(2)

OBU off-shore investment trusts, income to which subsection  121D(6) applies .........................................


121EL

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

United Nations, income from service with ......................

23AB

United States projects, income from approved overseas projects ...........................................................


23AA

health

 

Continence Aids Payment Scheme, payments under ...

52-175

interest

 

judgement debt, personal injury........................................

51-57

unclaimed money and property........................................

51-120

life insurance companies

Subdivision 320-B

National Disability Insurance Scheme

 

NDIS amounts......................................................................

52-180

non-cash benefits

 

business benefit.....................................................................

23L(2)

exempt fringe benefit...........................................................

23L(1A)

prizes

 

Prime Minister's Literary Awards .....................................

51-60

Prime Minister's Prize for Australian History .................

51-60

Prime Minister's Prize for Science .....................................

51-60

resale royalty collecting societies

51-45

shipping

 

income from shipping activities.........................................

51-100

social security or like payments

 

ABSTUDY scheme, payment under.................................

Subdivision 52-E

Australian Victim of Terrorism Overseas Payment........

52-10

Better Start for Children with Disability initiative, Outer Regional and Remote payment under ......................


52-172

carer adjustment payment.................................................

53-10

carers, 2005 one-off payment to, (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

carers, 2006 one-off payment to, (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

carers, 2007 one-off payment to, (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

carers, 2008 one-off payment to, (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

carers, one-off payment to, (carer allowance related) or one-off payment to carers (carer payment related) ............................................................................


52-10

carers, payments to, under the scheme determined under Schedule 3 to the Family Assistance Legislation Amendment (More Help for Families--One-off Payments) Act 2004 ........................................




52-10

carer supplement..................................................................

52-10

child disability assistance....................................................

Subdivision 52-A

clean energy payment under the Social Security Act 1991 ..................................................................................


52-10

clean energy payment under the Veterans' Entitlements Act 1986 ...................................................


52-65

clean energy payment under the scheme prepared under Part VII of the Veterans' Entitlements Act 1986 ..................................................................................



52-65

clean energy payment under the Military Rehabilitation and Compensation Act 2004 ............


52-114

clean energy payment under the scheme determined under section 258 of the Military Rehabilitation and Compensation Act 2004 .......................................



52-114

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

energy assistance payment, one-off payment under the Social Security Act 1991 .......................................


52-10

energy assistance payment, one-off payment under the Veterans' Entitlements Act 1986 ..........................


52-65

ETR payment under the Veterans' Entitlements Act 1986 ..................................................................................


52-65

ETR payment, payments under the scheme determined under Part 2 of Schedule 1 to the Family Assistance and Other Legislation Amendment (Schoolkids Bonus Budget Measures) Act 2012 ...........................................................................




52-162

farm household allowance under the Farm Household Support Act 2014 ...........................................................

Subdivision 52-A

Helping Children with Autism package, Outer Regional and Remote payment under .......................................


52-170

Household Stimulus Package Act (No. 2) 2009 , payments under the scheme determined under Schedule 4 to the............................................................



52-165

older Australians, 2006 one-off payment to, under the Social Security Act 1991 ..............................................


52-10

older Australians, 2007 one-off payment to, under the Social Security Act 1991 ..............................................


52-10

older Australians, 2008 one-off payment to, under the Social Security Act 1991 ..............................................


52-10

pension bonus and pension bonus bereavement payment...........................................................................


52-10 and 52-65

persecution victim, payments to .......................................

768-105

pharmaceutical supplement for Australian participants in British nuclear tests or in the British Commonwealth Occupation Force.............................



Subdivision 52-CB

resistance fighter and victim of wartime persecution, payments to ...................................................................


768-105

Social Security and Other Legislation Amendment (Economic Security Strategy) Act 2008 , payments under the scheme determined under Schedule 4 to the.....................................................................................




52-160

Social Security and Veterans' Affairs Legislation Amendment (One-off Payments and Other 2007 Budget Measures) Act 2007 , payments under a scheme determined under item 1 of Schedule 2 to the.....................................................................................





52-10

Social Security and Veterans' Affairs Legislation Amendment (One-off Payments and Other 2007 Budget Measures) Act 2007 , payments under the scheme determined under Schedule 4 to the.............




52-10

Social Security and Veterans' Entitlements Legislation Amendment (One-off Payments and Other Budget Measures) Act 2008 , payments under a scheme determined under item 1 of Schedule 2 to the............................................................




52-10

Social Security and Veterans' Entitlements Legislation Amendment (One-off Payments and Other Budget Measures) Act 2008 , payments under the scheme determined under Schedule 4 to the.....................................................................................




52-10

Social Security and Veterans' Entitlements Legislation Amendment (One-off Payments to Increase Assistance for Older Australians and Carers and Other Measures) Act 2006 , payments under the scheme determined under item 1 of Schedule 2 to the............................................................






52-10

Social Security and Veterans' Entitlements Legislation Amendment (One-off Payments to Increase Assistance for Older Australians and Carers and Other Measures) Act 2006 , payments under the scheme determined under Schedule 4 to the.....................................................................................





52-10

Social Security Legislation Amendment (One-off Payments for Carers) Act 2005 , payments under the scheme determined under Schedule 2 to the......



52-10

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 or in the British Commonwealth Occupation Force.............................



Subdivision 52-CB

veteran, Australian and United Kingdom, payment to

53-20

veteran, payment to ............................................................

Subdivisions 52-B and 52-C

Veterans' Entitlements Act 1986 , lump sum payment under section 198N of the............................................


52-65

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)

benefits from non-complying funds ................................

305-5

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

 

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

 

Disaster recovery payments to special category visa (subclass 444) holders...................................................


51-30

maintenance payment........................................................

51-30 and 51-50

thalidomide payment--payment by the Thalidomide Australia Fixed Trust.....................................................


51-30

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 section 403.

Table of sections

11-50        Effect of this Subdivision

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



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