Commonwealth Consolidated Acts

CORONAVIRUS ECONOMIC RESPONSE PACKAGE OMNIBUS ACT 2020 - SCHEDULE 3

Income Tax Assessment Act 1997

1   Section   1 1 - 55 (after table item headed "capital gains tax")

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2   At the end of Division   59

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59 - 90   Cash flow boost

    A cash flow boost paid in accordance with the Boosting Cash Flow for Employers (Coronavirus Economic Response Package) Act 2020 is not assessable income and is not * exempt income.

Social Security Act 1991

3   At the end of subsection   8(8)

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  ; (zt)   a cash flow boost (within the meaning of the Boosting Cash Flow for Employers (Coronavirus Economic Response Package) Act 2020 ).

Taxation Administration Act 1953

4   Subsection   8AAB(4) (after table item   1 9)

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5   Subsection   250 - 10(2) in Schedule   1 (at the end of the table)

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Veterans' Entitlements Act 1986

6   At the end of subsection   5 H(8)

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  ; (zzc)   a cash flow boost (within the meaning of the Boosting Cash Flow for Employers (Coronavirus Economic Response Package) Act 2020 ).