Tax Laws Amendment (2012 Measures No. 3) Act 2012 (58 of 2012)
Schedule 4 Clean energy payments
Income Tax Assessment Act 1997
5 Subsection 52-65(1G)
Repeal the subsection, substitute:
(1G) The following are exempt from income tax:
(a) clean energy payments under the Veterans Entitlements Act 1986;
(b) clean energy payments under the scheme prepared under Part VII (about educating veterans children) of that Act.
Note: The supplementary amount of each other payment under the scheme mentioned in paragraph (b) is also exempt from income tax (see section 52-140).