Commonwealth Numbered Acts

SOCIAL SECURITY LEGISLATION AMENDMENT ACT (No. 2) 1993 No. 61, 1993 - SECT 19

19. Section 10A of the Principal Act is amended by inserting the following
definitions in subsection (2):

" 'foreign income', in relation to a person, means:

   (a)  an income amount earned, derived or received by the person from a
        source outside Australia for the person's own use or benefit; or

   (b)  a periodical payment by way of gift or allowance from a source outside
        Australia; or

   (c)  a periodical benefit by way of gift or allowance from a source outside
        Australia; Note 1: For 'income amount' see subsection 8(1). Note 2:
        For 'earned, derived or received' see subsection 8(2). Note 3: This
        definition does not make use of the definition of 'income' in
        subsection 8(1) and, as a result, the exclusions provided for by
        subsections  8(4) , (5) and (8) do not apply to foreign income.
'target foreign income' means foreign income that is not:

   (a)  taxable income; or

   (b)  received in the form of a fringe benefit;".