Income Tax Assessment Act 1997
CHAPTER 2
-
LIABILITY RULES OF GENERAL APPLICATION
PART 2-15
-
NON-ASSESSABLE INCOME
A payment is exempt from income tax if:
(a) the payment is paid in accordance with rules made under the Coronavirus Economic Response Package (Payments and Benefits) Act 2020 ; and
(b) those rules state that the payment is exempt from income tax.
Division 53
-
Various exempt payments
Operative provisions
SECTION 53-25
53-25
Coronavirus economic response payment
A payment is exempt from income tax if:
(a) the payment is paid in accordance with rules made under the Coronavirus Economic Response Package (Payments and Benefits) Act 2020 ; and
(b) those rules state that the payment is exempt from income tax.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.