Commonwealth Numbered Regulations

1994 No. 219 INCOME TAX REGULATIONS (AMENDMENT) - REG 10

10.1 Subregulation 119 (3): Add at the end:

"; and (c) the value of the tax-free amount of an approved early retirement
scheme payment (within the meaning of Subdivision AA of Division 2 of Part III
of the Act) that:

        (i)    relates to the termination of the employment, by the group
               employer, of the person to whom the certificate is issued; and

        (ii)   was made during the period covered by the certificate; and

   (d)  the value of the tax-free amount of a bona fide redundancy payment
        (within the meaning of Subdivision AA of Division 2 of Part III of the
        Act) that:

        (i)    relates to the termination of the employment, by the group
               employer, of the person to whom the certificate is issued; and

        (ii)   was made during the period covered by the certificate.".