Tax Laws Amendment (2008 Measures No. 6) Act 2009 (14 of 2009)

Schedule 5   Victorian bushfires and North Queensland floods

Part 1   Ex-gratia Income Recovery Subsidy Assistance

Division 1   Main amendments

Income Tax Assessment Act 1936

1   Subsection 159J(6) (after paragraph (b) of the definition of separate net income )

Insert:

(ba) does not include an ex-gratia payment from the Commonwealth known as Income Recovery Subsidy for the Victorian bushfires of January and February 2009; and

(bb) does not include an ex-gratia payment from the Commonwealth known as Income Recovery Subsidy for the North Queensland floods of January and February 2009; and