Coronavirus Economic Response Package Omnibus (Measures No. 2) Act 2020 (38 of 2020)
Schedule 2 Payment Acts consequential amendments
Part 1 Coronavirus economic response payments
Income Tax Assessment Act 1997
5 At the end of Division 53
Add:
53-25 Coronavirus economic response payment
A payment is exempt from income tax if:
(a) the payment is paid in accordance with rules made under the Coronavirus Economic Response Package (Payments and Benefits) Act 2020; and
(b) those rules state that the payment is exempt from income tax.
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