Document ID: chunk:federal_register_of_legislation:C2025C00029:section:5:p26
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 5 (pt 26/32)
Character Range: 1445965–1448766

to be an eligible program (whether this declaration is made before, on or after the day the entity receives the payment); and
 (c) the entity receives the payment in the 2021‑22 *financial year; and
 (d) the entity is a *small business entity, or an entity covered by subsection 59‑97(2), for the income year in which the entity receives the payment.
 (2) For the purposes of paragraph (1)(b), the Minister may, by legislative instrument, declare a program to be an eligible program if the Minister is satisfied that the program is, in effect:
 (a) responding to economic impacts of the coronavirus known as COVID‑19; and
 (b) directed at supporting *businesses the operations of which have been significantly disrupted as a result of a public health directive.

59‑99  2021 floods and storms—recovery grants
  A payment is not assessable income and is not *exempt income if:
 (a) for the purposes of the Disaster Recovery Funding Arrangements 2018 (set out in a determination made by the Minister for Law Enforcement and Cyber Security on 5 June 2018), the payment is a recovery grant made to a small business or primary producer as part of a Category D measure; and
 (b) the payment relates to:
 (i) floods commencing in Australia as a consequence of rainfall events occurring in the period between 19 February 2021 and 31 March 2021; or
 (ii) storms occurring in Australia in that period.

59‑100  Refund of large‑scale generation shortfall charge
 (1) A payment to an entity under section 98 of the Renewable Energy (Electricity) Act 2000 is not assessable income and is not *exempt income.
 (2) Disregard subsection (1) for the purposes of determining whether an entity can deduct expenditure that it incurs in relation to large‑scale generation certificates (within the meaning of the Renewable Energy (Electricity) Act 2000).

59‑105  Cyclone Seroja—recovery grants
  A payment is not assessable income and is not *exempt income if:
 (a) for the purposes of the Disaster Recovery Funding Arrangements 2018 (set out in a determination made by the Minister for Law Enforcement and Cyber Security on 5 June 2018), the payment is a recovery grant made to a small business or primary producer as part of a Category C measure; and
 (b) the payment relates to Cyclone Seroja.

Part 2‑20—Tax offsets

Division 61—Generally applicable tax offsets

Table of Subdivisions
61‑A Dependant (invalid and carer) tax offset
61‑D Low Income tax offset
61‑G Private health insurance offset complementary to Part 2‑2 of the Private Health Insurance Act 2007
61‑L Tax offset for Medicare levy surcharge (lump sum payments in arrears)
61‑N Seafarer tax offset
61‑P ESVCLP tax offset

Subdivision 61‑A—Dependant (invalid and carer) tax offset

Guide to Subdivision 61‑A

61‑1  What this Subdivision is about
      You