Part 6Employment income: income which is not earnings or share-related
Chapter 3Payments and benefits on termination of employment etc.
Exceptions and reductions
414AF1Exception for payments and benefits under section 615(3) schemes
1
This Chapter does not apply to a payment or other benefit provided in the form of a lump sum under a section 615(3) scheme.
2
In this section, “section 615(3) scheme” means a superannuation fund to which section 615(3) of ICTA applies.