Document ID: chunk:federal_register_of_legislation:C2004A04798:section:1992:p1
Version: federal_register_of_legislation:C2004A04798
Segment Type: section
Provision Reference: s 1992 (pt 1/2)
Character Range: 24336–27207

1992

90. After section 24AI:

  Insert:

"Subdivision IA—Exemption from income tax—drought relief payment under the Farm Household Support Act 1992

Interpretation—supplementary amounts

"24AIA.(1) For the purpose of applying this Subdivision to an instalment of drought relief payment under the Farm Household Support Act 1992 derived by a taxpayer, the supplementary amounts are as follows:

SCHEDULE—continued

     (a) so much of the instalment as was included in the instalment because the taxpayer or the partner of the taxpayer paid rent;

     (b) so much of the instalment as is equal to the amount (if any) that would have been included in the instalment by way of remote area allowance if it were assumed that the instalment had been an instalment of job search allowance under the Social Security Act 1991 instead of an instalment of drought relief payment;

     (c) so much of the instalment as was included in the instalment because of paragraph 24A(1)(c) of the Farm Household Support Act 1992.

"(2) A reference in subsection (1) to a partner includes a reference to a deceased partner.

  "(3) In this section:

'partner' has the same meaning as in the Farm Household Support Act 1992.

Drought relief payment

"24AIB.(1) The treatment of instalments of drought relief payment under the Farm Household Support Act 1992 is as follows:

  (a) the supplementary amount is exempt;

  (b) the balance is not exempt.

"(2)  Payments under paragraph 49(b) of the Farm Household Support Act 1992 are exempt to the extent to which they are attributable to an instalment of drought relief payment under that Act.".

91. Subsection 79A(4) (definition of "prescribed allowance"):

  Omit the definition, substitute:

" 'prescribed allowance' means:

     (a) so much of a payment under the Social Security Act 1991 or the Veterans' Entitlements Act 1986 as was included in the payment by way of remote area allowance; or

     (b) so much of an instalment of drought relief payment under the Farm Household Support Act 1992 as is equal to the amount (if any) that would have been included in the instalment by way of remote area allowance if it were assumed that the instalment had been an instalment of job search allowance under the Social Security Act 1991 instead of an instalment of drought relief payment;".

92. Subsection 160AAA(1) (after paragraph (d) of the definition of "rebatable benefit"):

  Insert:

SCHEDULE—continued

    "(da) paid by way of drought relief payment under the Farm Household Support Act 1992; or".

93. Application

The amendments made by this Part apply to amounts paid after the commencement of this item.

PART 4—SOCIAL SECURITY ACT 1991

94. After paragraph 1250(1)(d):

  Insert:

      "(da) under subsection 7A(2) or paragraph 15(b) of the Farm Household Support Act 1992 (memorandum of understanding and form of claim);