1172
In forceLump sum compensation not counted as ordinary income
Volume 4Chapter 3, Part 3.12A to Chapter 6 (sections 1157A to 1263), Schedule 1A
Chapter 3General provisions relating to payability and rates
Part 3.14Compensation recovery
Division 3Receipt of compensation
1172 Lump sum compensation not counted as ordinary income
If an amount of a compensation affected payment is not payable to a person under section 1169 because the person has received a lump sum compensation payment, that lump sum compensation payment is not to be regarded as ordinary income of either the person or the person’s partner (if any) for the purposes of a provision of this Act, other than point 1071A‑4.
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.