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Income Tax Assessment Act 1997
15‑75 Bonuses15‑75 Bonuses
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#### 15‑75 Bonuses
Your assessable income includes any amount you receive as or by way of bonus on a \*life insurance policy, other than a reversionary bonus.
> Note: Reversionary bonuses are covered by section 6‑5 of this Act if they are ordinary income and, if not, by section 26AH of the Income Tax Assessment Act 1936.