Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-45
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RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS
Division 380
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National Rental Affordability Scheme
Subdivision 380-B
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Payments made in relation to the National Rental Affordability Scheme etc.
SECTION 380-35
380-35
Payments made and non-cash benefits provided in relation to the National Rental Affordability Scheme
A payment made to you, or a *non-cash benefit provided to you, (whether directly or indirectly, such as through an *NRAS consortium of which you are a *member) by:
(a) a Department of a State or Territory; or
(b) a body (whether incorporated or not) established for a public purpose by or under a law of a State or Territory;
View history note
Hide history noteA payment made to you, or a *non-cash benefit provided to you, (whether directly or indirectly, such as through an *NRAS consortium of which you are a *member) by:
(a) a Department of a State or Territory; or
(b) a body (whether incorporated or not) established for a public purpose by or under a law of a State or Territory;
in relation to your participation in the *National Rental Affordability Scheme is not assessable income and is not *exempt income.
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