INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 1AA - Exemption from income tax: payments under the Social Security Act 1991 and the Veterans' Entitlements Act 1986, and similar payments  

Subdivision IA - Exemption from income tax - drought relief payment under the Farm Household Support Act 1992  

SECTION 24AIA   INTERPRETATION - SUPPLEMENTARY AMOUNTS  

24AIA(1)   [Supplementary amounts of drought relief payment]  

For the purpose of applying this Subdivision to an instalment of drought relief payment under the Farm Household Support Act 1992 derived by a taxpayer, the supplementary amounts are as follows:

(a) so much of the instalment as was included in the instalment because the taxpayer or the partner of the taxpayer paid rent;

(b) so much of the instalment as is equal to the amount (if any) that would have been included in the instalment by way of remote area allowance if it were assumed that the instalment had been an instalment of newstart allowance under the Social Security Act 1991 instead of an instalment of drought relief payment;

(c) so much of the instalment as was included in the instalment because of paragraph 24A(1)(c) of the Farm Household Support Act 1992 .

24AIA(2)   [Deceased partner]  

A reference in subsection (1) to a partner includes a reference to a deceased partner.

24AIA(3)   [``partner'']  

In this section:

"partner"
has the same meaning as in the Farm Household Support Act 1992 .