Coronavirus Economic Response Package Omnibus Act 2020 (22 of 2020)

Schedule 4   Stimulus payments to households to support growth

Income Tax Assessment Act 1997

15   After subsection 52-10(1AD)

Insert:

(1B) The following payments are exempt from income tax:

(a) first 2020 economic support payments under Division 1 of Part 2.6B of the Social Security Act 1991;

(b) second 2020 economic support payments under Division 2 of Part 2.6B of the Social Security Act 1991.