Income Tax Assessment Act 1997
View history note
Hide history noteA payment is not assessable income and is not *exempt income if:
(a) for the purposes of the Disaster Recovery Funding Arrangements 2018 (set out in a determination made by the Minister for Law Enforcement and Cyber Security on 5 June 2018), the payment is a recovery grant made to a small business, primary producer or non-profit organisation as part of a Category C or Category D measure; and
(b) the payment relates to floods commencing in Australia in the period between 25 January 2019 and 28 February 2019.
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