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

Taxation Administration Act 1953

9   Section 8AAZA (paragraph (a) of the definition of credit)

Repeal the paragraph, substitute:

(a) an amount that the Commissioner must pay to a taxpayer under a taxation law, whether or not described as a credit, other than the following amounts:

(i) an amount paid under the Product Grants and Benefits Administration Act 2000;

(ii) an amount paid under Division 18 (refunds) of the A New Tax System (Luxury Car Tax) Act 1999;

(iii) an amount paid under the Coronavirus Economic Response Package (Payments and Benefits) Act 2020 to an entity, unless a determination of the Commissioner under section 8AAZAA specifies that the amount is a credit for the purposes of this subparagraph; and