INCOME TAX ASSESSMENT ACT 1997 - SECT 54.1 What this Division is about
INCOME TAX ASSESSMENT ACT 1997 - SECT 54.1
What this Division is aboutCertain 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.
54 - 5 Definitions
54 - 10 Meaning of structured settlement and structured order