Coronavirus Economic Response Package Omnibus (Measures No. 2) Act 2020 (38 of 2020)

Schedule 2   Payment Acts consequential amendments

Part 1   Coronavirus economic response payments

Income Tax Assessment Act 1997

5   At the end of Division 53

Add:

53-25 Coronavirus economic response payment

A payment is exempt from income tax if:

(a) the payment is paid in accordance with rules made under the Coronavirus Economic Response Package (Payments and Benefits) Act 2020; and

(b) those rules state that the payment is exempt from income tax.