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  • ACT Small Business Hardship Scheme declaration

    On 25 October 2022, as part of the 2022–23 Budget, the government announced its intention to make the ACT Small Business Hardship Scheme non-assessable non-exempt (NANE) for income tax purposes, subject to receiving formal declaration by the minister. The minister made the declaration on 17 November 2022.

    If you have lodged and included this grant as assessable income in your 2021–22 tax return, and you meet the criteria, you can amend your return as these payments are not taxable.

    You can find the full list of grants that are not taxable if you meet the criteria, at Eligible COVID-19 business grants and support programs.

      Last modified: 01 Dec 2022QC 71009