Document ID: chunk:federal_register_of_legislation:C2023C00260:clause:1_2
Version: federal_register_of_legislation:C2023C00260
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 4587–6022

2  At the end of Division 59
Add:

59‑85  2019 floods—recovery grants for small businesses, primary producers and non‑profit organisations
  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, primary producer or non‑profit organisation as part of a Category C or Category D measure; and
 (b) the payment relates to floods commencing in Australia in the period between 25 January 2019 and 28 February 2019.

59‑86  2019 floods—on‑farm grant program for primary producers
 (1) A payment is not assessable income and is not *exempt income if:
 (a) for the purposes of an agreement covered by subsection (2), the payment is a grant made to a primary producer; and
 (b) the grant is for replacing or repairing farm infrastructure, restocking, replanting, or a similar purpose.
 (2) An agreement is covered by this subsection if:
 (a) the agreement is entered into in the period between 1 February 2019 and 1 July 2019; and
 (b) the parties to the agreement are the Commonwealth and a State or Territory; and
 (c) the objective of the agreement is principally to assist primary producers impacted by floods commencing in Australia in the period between 25 January 2019 and 28 February 2019.