Social Security and Other Legislation Amendment (Welfare Reform and Reinstatement of Racial Discrimination Act) Act 2010 (93 of 2010)

Schedule 2   Income management regime

Part 4   New social security payments

Income Tax Assessment Act 1997

57   After subsection 52-10(1E)

Insert:

(1EA) The following payments under the Social Security Act 1991 are exempt from income tax:

(a) voluntary income management incentive payment (see Part 2.25D of that Act);

(b) matched savings scheme (income management) payment (see Part 2.25E of that Act).