You must declare any and all income from salaries and wages. This is known as employment income, and includes any lump sum payments that may be paid. Annual, parental or long service leave, as well as commissions, bonuses, and any amounts paid for lost salary under an income protection policy, sickness or accident insurance policy or a worker’s compensation scheme, are all included and need to be declared.
Employment income also includes the following:
- Including, but not limited to: food, car, laundry or travel
- Payments for services such as tips or gratuities
- Consultation fees
- Payments for voluntary services (honoraria)
You are also required to declare any reportable fringe benefits received, as well as reportable superannuation contributions you have made.
Income you must declaire was last modified: March 16th, 2015 by