Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-15 - NON-ASSESSABLE INCOME  

Division 59 - Particular amounts of non-assessable non-exempt income  

Operative provisions  

SECTION 59-67   Meaning of SRWUIP program, SRWUIP payment, direct SRWUIP payment and indirect SRWUIP payment  

59-67(1)    
A SRWUIP program is a program under the program administered by the Commonwealth known as the Sustainable Rural Water Use and Infrastructure program.

59-67(2)    
A SRWUIP payment , in respect of a * SRWUIP program, is:

(a) a * direct SRWUIP payment in respect of the program; or

(b) an * indirect SRWUIP payment in respect of the program.

59-67(3)    
A direct SRWUIP payment is a payment by the Commonwealth to a participant in a * SRWUIP program to the extent that it is made under that program.

59-67(4)    
An indirect SRWUIP payment is a payment to a participant in a * SRWUIP program to the extent that it is reasonably attributable to a payment by the Commonwealth under that program.

59-67(5)    
For the purposes of subsections (3) and (4), treat a payment as being made under a * SRWUIP program only if that SRWUIP program is on the published list of SRWUIP programs (see section 59-70 ) for the day the payment is made.

59-67(6)    
However, treat a payment as if it had never been made under a * SRWUIP program to the extent that the Commonwealth seeks to recover the payment.

Example:

The Commonwealth seeks to recover half of a payment made under a SRWUIP program. The remaining half is still a payment made under the SRWUIP program.