Tax Laws Amendment (2009 Measures No. 6) Act 2010 (19 of 2010)

Schedule 5   North Western Queensland floods

Part 1   Main amendments

Income Tax Assessment Act 1936

1   Subsection 159J(6) (after paragraph (bb) of the definition of separate net income )

Insert:

(bc) does not include an ex-gratia payment from the Commonwealth known as Income Recovery Subsidy for the North Western Queensland floods of January and February 2009; and