Income Tax Assessment Act 1997
View history note
Hide history noteA payment is not assessable income and is not *exempt income if: (a) for the purposes of the Disaster Recovery Funding Arrangements 2018 (set out in a determination made by the Minister for Law Enforcement and Cyber Security on 5 June 2018), the payment is a recovery grant made to a small business or primary producer as part of a Category D measure; and (b) the payment relates to:
(i) floods commencing in Australia as a consequence of rainfall events occurring in the period between 19 February 2021 and 31 March 2021; or
(ii) storms occurring in Australia in that period.
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