Document ID: chunk:federal_register_of_legislation:C2013C00595:clause:2_2
Version: federal_register_of_legislation:C2013C00595
Segment Type: clause
Provision Reference: sch 2 cl 2
Character Range: 7833–9242

2  At the end of Division 59
Add:

59‑55  2010‑11 floods—recovery grants for small businesses and primary producers
  Payments under the Natural Disaster Relief and Recovery Arrangements (set out in a determination made by the Minister for Local Government, Territories and Roads on 21 February 2007) are not assessable income and are not *exempt income, if:
 (a) the payments are part of a Category C measure (within the meaning of the determination); and
 (b) the Category C measure relates to the floods that occurred in Australia during the period that:
 (i) occurred during the 2010‑11 *financial year; and
 (ii) started on 29 November 2010; and
 (c) the payments are:
 (i) recovery grants for small businesses; or
 (ii) recovery grants for primary producers.

59‑60  Cyclone Yasi—recovery grants for small businesses and primary producers
  Payments under the Natural Disaster Relief and Recovery Arrangements (set out in a determination made by the Minister for Local Government, Territories and Roads on 21 February 2007) are not assessable income and are not *exempt income, if:
 (a) the payments are part of a Category C measure (within the meaning of the determination); and
 (b) the Category C measure relates to Cyclone Yasi; and
 (c) the payments are:
 (i) recovery grants for small businesses; or
 (ii) recovery grants for primary producers.

Tax Laws Amendment (2009 Measures No. 2) Act 2009