INCOME TAX ASSESSMENT ACT 1997 - SECT 54.15 Personal injury annuity exemption for injured person

INCOME TAX ASSESSMENT ACT 1997 - SECT 54.15

    A payment of a * personal injury annuity that is made to the * injured person is exempt from income tax if the conditions in this Subdivision are satisfied.

Note:   Section   54 - 70 provides a tax exemption if the payment is instead made to the trustee of a trust.