INCOME TAX ASSESSMENT ACT 1997 [ARCHIVE]

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-15 - NON-ASSESSABLE INCOME  

Division 51 - Exempt amounts  

SECTION 51-60 [ARCHIVE]   51-60   Income from GST Direct Assistance Certificate  
Your *ordinary income and *statutory income for the 1999-2000 and 2000-01 income years are exempt from income tax so far as they are attributable to a certificate that:


(a) is commonly called a GST Direct Assistance Certificate; and


(b) is issued to you by an organisation known as the GST Start-Up Assistance Office in the Department of the Treasury; and


(c) is expressed to have a maximum value of $200.




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