A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999 (177 of 1999)
Income Tax Assessment Act 1997
2 At the end of Division 17 (after section 17-25)
17-30 Special credits because of the GST Transition Act
A special credit under section 16, 16A, 16B, 16C or 19A of the A New Tax System (Goods and Services Tax Transition) Act 1999 is assessable income :
(a) at the time it is attributed to a tax period (for a credit under section 16, 16A, 16B or 19A); or
(b) at the time it is paid (for a credit under section 16C).