s 54-1
In forceApplication of Division 54 of the Income Tax Assessment Act 1997
Chapter 2Liability rules of general application
Part 2-15Non‑assessable income
Division 54Exemption for certain payments made under structured settlements and structured orders
54-1 Application of Division 54 of the Income Tax Assessment Act 1997
(1)
Division 54 of the Income Tax Assessment Act 1997 applies to assessments for the 2001‑2002 income year and later income years.
(2)
However, the Division does not apply unless the date of the settlement or order is 26 September 2001 or a later date.
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