Private ruling: Community Development Grants Program payments
Date of advice: 6 December 2018
Published: March 2019

Ruling: The Commissioner was asked three questions about funding received from Commonwealth: | (1) Is the funding assessable as ordinary income under section 6-5 of the Income Tax Assessment Act 1997? | (2) If funding is not assessable under section 6-5, is it included in assessable income under section 15-10 ITAA 1997 as a bounty or subsidy received in relation to carrying on a business? | (3) If funding is not assessable under section 15-10, is it included in assessable income under Division 20 ITAA 1997 as an assessable recoupment? | The Commissioner has ruled on each of the questions.