Coronavirus Economic Response Package Omnibus Act 2020 (22 of 2020)

Schedule 3   Boosting cash flow for employers

Income Tax Assessment Act 1997

2   At the end of Division 59

Add:

59-90 Cash flow boost

A cash flow boost paid in accordance with the Boosting Cash Flow for Employers (Coronavirus Economic Response Package) Act 2020 is not assessable income and is not *exempt income.