Document ID: chunk:federal_register_of_legislation:C2024C00608:clause:1_25
Version: federal_register_of_legislation:C2024C00608
Segment Type: clause
Provision Reference: sch 1 cl 25
Character Range: 19266–19826

25  Subsection 52‑65(1C)
Repeal the subsection, substitute:
 (1C) Payments to older Australians under the following schemes are exempt from income tax:
 (a) a scheme determined under item 2 of Schedule 2 to the Social Security and Veterans' Entitlements Legislation Amendment (One‑off Payments to Increase Assistance for Older Australians and Carers and Other Measures) Act 2006;
 (b) a scheme determined under item 2 of Schedule 2 to the Social Security and Veterans' Affairs Legislation Amendment (One‑off Payments and Other 2007 Budget Measures) Act 2007.