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Exempt Lump Sums

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Last amended 
7 October 2015
Exempted lump sums

Lump sums can be exempted from the Income Test under VEA. An amount received by a person is an exempt lump sum if it is:

  • not a periodic payment (within the meaning of subsection 5K(1A),

  • not income from remunerative work undertaken by the person, and

  • is an amount, or one of a class of payments that the Commission determines to be an exempt lump sum.

 

According to Section 179 of the VEA, the Commission is a body corporate under the name of Repatriation Commission.