Treasury Laws Amendment (2021 Measures No. 6) Act 2021 (111 of 2021)

Schedule 1   Refund of large-scale generation shortfall charge

Income Tax Assessment Act 1997

2   At the end of Division 59

Add:

59-100 Refund of large-scale generation shortfall charge

(1) A payment to an entity under section 98 of the Renewable Energy (Electricity) Act 2000 is not assessable income and is not *exempt income.

(2) Disregard subsection (1) for the purposes of determining whether an entity can deduct expenditure that it incurs in relation to large-scale generation certificates (within the meaning of the Renewable Energy (Electricity) Act 2000).