Tax Laws Amendment (2008 Measures No. 2) Act 2008 (38 of 2008)

Schedule 10   Tobacco industry exit grants

Income Tax Assessment Act 1997

4   At the end of subsection 118-37(1)

Add:

; (g) a tobacco industry exit grant that you receive under the program known as the Tobacco Growers Adjustment Assistance Programme 2006 if, as a condition of receiving the grant, you entered into an undertaking not to become the owner or operator of any agricultural *enterprise within 5 years after receiving the grant.