Treasury Laws Amendment (COVID-19 Economic Response No. 2) Act 2021 (79 of 2021)
Schedule 5 Tax-free treatment of COVID-19 disaster payments
Income Tax Assessment Act 1997
2 After section 59-95
Insert:
59-96 COVID-19 disaster payment
A payment an individual receives is not assessable income and is not *exempt income if it is a COVID-19 disaster payment (within the meaning of the COVID-19 Disaster Payment (Funding Arrangements) Act 2021).
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