Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 5) 1988 No. 153 of 1988 - SECT 37

37. For the purposes of the Principal Act, where the following conditions are
satisfied in relation to a payment received by a taxpayer:

   (a)  the payment was made in lieu of an advance under the Defence Service 
        Homes Act 1918 ;

   (b)  the taxpayer:

        (i)    applied for the payment; or

        (ii)   elected to receive the payment;
after 15 September 1987 and before 10 December 1987; the payment is exempt
income.