Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 59.60

                   Payments under the Natural Disaster Relief and Recovery Arrangements (set out in a determination made by the Minister for Local Government, Territories and Roads on 21 February 2007) are not assessable income and are not * exempt income, if:

                     (a)  the payments are part of a Category C measure (within the meaning of the determination); and

                     (b)  the Category C measure relates to Cyclone Yasi; and

                     (c)  the payments are:

                              (i)  recovery grants for small businesses; or

                             (ii)  recovery grants for primary producers.

Table of Subdivisions

61-G     Private health insurance offset complementary to Part 2-2 of the Private Health Insurance Act 2007

61-I       First child tax offset (baby bonus)

61-IA    Child care tax offset

61-J       25% entrepreneurs' tax offset

61-K     Mature age worker tax offset

61-L      Tax offset for Medicare levy surcharge (lump sum payments in arrears)

61-M     Education expenses tax offset

Guide to Subdivision 61-G