Review of the Income Tax Exemption for Structured Settlements (Division 54)

Date:

Thursday, 20 March 2008

Content ID:

1355

Abstract:

Division 54 of the Income Tax Assessment Act 1997 provides an income tax exemption for annuities and deferred lump sums made under structured settlements for people who have suffered a personal injury.

The purpose of the review, conducted by Mr Alan Cameron AM, was to assess the effectiveness of the tax exemption and to identify any changes that need to be made to improve its effectiveness. The review was concerned solely with the tax treatment of payments made under structured settlements.

The report of the review was tabled in the House of Representatives on 20 March 2008.

Documents Available:

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Review of the Income Tax Exemption for Structured Settlement Payments (Division 54) 237.43kb

HTML documents

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Executive Summary  6.52kb
The Review  4.42kb
Background to Division 54  16.22kb
The Exemption Provided by Division 54  20.97kb
Structured Settlements Not Taken Up  25.66kb
Submissions to the Review  12.09kb
Conclusion and Recommendations  10.67kb
Bibliography  3.62kb
Appendix: Media Release  3.23kb

Related Items:

Submissions: Review of the Income Tax Exemption for Structured Settlements (Division 54) - 20/03/2008

Submissions to the Review of the Income Tax Exemption for Structured Settlements (Division 54) are listed below and are accessible by selecting the author.

Government response: Review of the income tax exemption for structured settlements (Division 54) - 20/03/2008

The Government tabled its response to the report of the Review of the income tax exemption for structured settlements in the House of Representatives on 20 March 2008.

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