Document ID: chunk:federal_register_of_legislation:C2025C00029:section:5:p22
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 5 (pt 22/32)
Character Range: 1436171–1438781

its *income tax return for the income year; or
 (ii) if the Commissioner makes an assessment of the entity's taxable income for the income year before the entity lodges its income tax return for the income year, and subparagraph (iii) does not apply—on or before the day the Commissioner makes that assessment; or
 (iii) within such further time as the Commissioner allows.
The choice cannot be revoked.

Integrity rule
 (4) Subsection (1) does not apply if, at the time the entity *derives the *SRWUIP payment in respect of a *SRWUIP program, it is reasonable to conclude that:
 (a) the entity will not incur expenditure at least equal to the payment on works required by the program; and
 (b) despite not incurring such expenditure, the entity will comply with the program because an *associate of the entity will incur expenditure on those works; and
 (c) the associate has not made, and will not make, a choice under subsection (2) for the program.

59‑67  Meaning of SRWUIP program, SRWUIP payment, direct SRWUIP payment and indirect SRWUIP payment
 (1) A SRWUIP program is a program under the program administered by the Commonwealth known as the Sustainable Rural Water Use and Infrastructure program.
 (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.
 (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.
 (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.
 (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.
 (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.

59‑70  List of SRWUIP programs
 (1) The *Water Secretary must keep a list of *SRWUIP programs. The list must:
 (a) specify the days for which each program is on the list; and
 (b) be published on the *Water Department's website.
Example: A program could be listed for each day on or after 1 July 2011.

Entering SRWUIP programs on the list
 (2) The