Pt 2-15 (heading) substituted by No 66 of 2003.
Pt 2-15 inserted by No 121 of 1997.
Div 59 inserted by No 66 of 2003.
S 59-55 repealed by No 31 of 2011, s 3 and Sch 2 item 5, effective 1 July 2014. S 59-55 formerly read:
SECTION 59-55 2010-11 floods
recovery grants for small businesses and primary producers
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 the floods that occurred in Australia during the period that:
(i) occurred during the 2010-11 *financial year; and
(ii) started on 29 November 2010; and
(c) the payments are:
(i) recovery grants for small businesses; or
(ii) recovery grants for primary producers.
S 59-55 inserted by No 31 of 2011, s 3 and Sch 2 item 2, effective 25 May 2011.