Amounts mistakenly paid as salary or wages to employees
1 May 2008
Amounts mistakenly paid as salary or wages to employees, (or as income support payments1 or worker's compensation amounts to persons), to which they are not beneficially entitled, but are obliged to repay, are not derived by these persons as income according to ordinary concepts. Accordingly, such mistakenly paid amounts are not assessable income of these persons under section 6-5 of the Income Tax Assessment Act 1997 (ITAA 1997).