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Required: Explain (citing sections where appropriate) whether the following receipts are specifically exempt from income tax (1 mark each): A not-for profit/gain private health insurance
Required: Explain (citing sections where appropriate) whether the following receipts are specifically exempt from income tax (1 mark each):
- A not-for profit/gain private health insurance provider receives premiums from their members.
- A benefit received by an employee which was provided by an employer which constitutes a "fringe benefit".
- A government 'back to school bonus' payment received by a parent from the government.
- A 'carer adjustment payment' received by a carer from the government.
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