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I would like to get some further technical explanation about the provision under lump-sum payments, where it says it provides tax relief in respect of certain lump-sum amounts received in respect to prior years. Does this relate to the previous provision of averaging, where if someone received a large payout in one particular year, because of retirement or some other unusual lump sum, they were able to average it out over several years? The income tax department used to make those calculations for a taxpayer, if they checked a box saying they had received a lump-sum payment. There was a computer calculation, and the tax department would do it for you and apply it. It was almost like forward averaging, or whatever. Those provisions are gone now, as far as I know, and I'm wondering if this relates to that.
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