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Income Tax Rates Act 1986
16Interpretation
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16 Interpretation
In this Division:
beneficiary, in relation to a trust estate, includes a person who is capable (whether by the exercise of a power of appointment or otherwise) of benefiting under the trust.
eligible pensioner, in relation to a year of income, means a person to whom, at any time during the year of income, compensation or a pension, allowance or benefit is payable under:
(a) the Veterans’ Entitlements Act 1986;
(b) subsection 4(6) of the Veterans’ Entitlements (Transitional Provisions and Consequential Amendments) Act 1986; or
(ba) the Military Rehabilitation and Compensation Act 2004; or
(c) a provision of the Social Security Act 1991 other than Part 2.11, 2.12 or 2.15 of that Act;
being compensation or a pension, allowance or benefit in respect of which the person is liable to be assessed and to pay income tax in Australia.