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Edited version of your written advice
Authorisation Number: 1051435321248
Date of advice: 29 November 2018
Ruling
Subject: Income tax – Government payments
Question 1
Is the payment made to you by the Government ordinary income under section 6-5 of the Income Tax Assessment Act 1997?
Answer: Yes
Question 2
If the payment was not assessable as ordinary income under section 6-5 of the ITAA 1997, would the payment be a bounty or subsidy that is assessable income under section 15-10 of the ITAA 1997?
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