Treasury Laws Amendment (COVID-19 Economic Response No. 2) Act 2021 (79 of 2021)

Schedule 5   Tax-free treatment of COVID-19 disaster payments

Income Tax Assessment Act 1997

2   After section 59-95

Insert:

59-96 COVID-19 disaster payment

A payment an individual receives is not assessable income and is not *exempt income if it is a COVID-19 disaster payment (within the meaning of the COVID-19 Disaster Payment (Funding Arrangements) Act 2021).