10Payments relating to personal injuries etc.

10 Payments relating to personal injuries etc.

(1) Subject to subsection (2) of this section and for the purposes of section 5, this section covers a payment, made in Australia, that: (a) relates to: (i) a personal injury, disease or condition; or (ii) a medical procedure; and (b) is: (i) a payment of damages; or (ii) a payment under an insurance or compensation scheme set out under a law of the Commonwealth, or a State or a Territory, including a payment made under a contract entered into under such a scheme; or (iii) the settlement of a claim for damages (whether or not accompanied by an admission of liability); or (iv) a payment in the nature of compensation or damages. (2) Subsection (1) does not cover the following payments (however described in a relevant policy document); (a) an income protection payment; (b) a total and permanent disability or incapacity payment; (c) a total and temporary disability payment; (d) a permanent and partial disability payment; that are paid as a lump sum under: (e) a sickness or accident insurance policy; or (f) a group insurance policy arranged by the trustees of a superannuation fund.