Treasury Laws Amendment (Cost of Living Support and Other Measures) Act 2022 (14 of 2022)

Schedule 8   2022 cost of living payment

Income Tax Assessment Act 1997

6   After subsection 52-65(1K)

Insert:

(1L) 2022 cost of living payment under Division 1 of Part IIIK of the Veterans' Entitlements Act 1986 is exempt from income tax.