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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-15 - NON-ASSESSABLE INCOME    View history reference

Division 59 - Particular amounts of non-assessable non-exempt income    View history reference

Operative provisions  

SECTION 59-67  Meaning of SRWUIP program, SRWUIP payment, direct SRWUIP payment and indirect SRWUIP payment  

 View history reference

59-67(1)  

A SRWUIP program is a program under the program administered by the Commonwealth known as the Sustainable Rural Water Use and Infrastructure program.

59-67(2)  

A SRWUIP payment, in respect of a *SRWUIP program, is:


(a) a *direct SRWUIP payment in respect of the program; or


(b) an *indirect SRWUIP payment in respect of the program.

59-67(3)  

A direct SRWUIP payment is a payment by the Commonwealth to a participant in a *SRWUIP program to the extent that it is made under that program.

59-67(4)  

An indirect SRWUIP payment is a payment to a participant in a *SRWUIP program to the extent that it is reasonably attributable to a payment by the Commonwealth under that program.

59-67(5)  

For the purposes of subsections (3) and (4), treat a payment as being made under a *SRWUIP program only if that SRWUIP program is on the published list of SRWUIP programs (see section 59-70) for the day the payment is made.

59-67(6)  

However, treat a payment as if it had never been made under a *SRWUIP program to the extent that the Commonwealth seeks to recover the payment.

Example:

The Commonwealth seeks to recover half of a payment made under a SRWUIP program. The remaining half is still a payment made under the SRWUIP program.


 



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