pre-1 July 1983 component

the part of an eligible termination payment which relates to service before 1 July 1983. Five per cent of this component is assessable to the taxpayer as income where the payment is made up to 30 June 2007.

See also concessional component , eligible service period , eligible termination payment , post-30 June 1983 component , pre-1July 1983 segment