Tax Laws Amendment (2011 Measures No. 1) Act 2011 (31 of 2011)
Schedule 1 Tax exemption for payments to individuals for recent disasters
Part 1 Main amendments
Income Tax Assessment Act 1997
2 Section 51-30 (after table item 5.1)
Insert:
|
5.1A |
an individual in receipt of an ex-gratia payment from the Commonwealth known as Disaster Income Recovery Subsidy for: (a) the floods that occurred in Australia during the period starting on 29 November 2010; or (b) Cyclone Yasi |
the payment |
the payment must be claimed: (a) after 9 January 2011; and (b) before 1 March 2011 |
|
5.1B |
an individual in receipt of an ex-gratia payment from the Commonwealth known as assistance for New Zealand non-protected special category visa holders for a disaster that occurred in Australia during the 2010-11*financial year |
the payment |
the payment must be claimed: (a) after 30 January 2011; and (b) before 1 August 2011 |