Document ID: chunk:federal_register_of_legislation:C2021A00061:clause:4_2
Version: federal_register_of_legislation:C2021A00061
Segment Type: clause
Provision Reference: sch 4 cl 2
Character Range: 7661–8322

2  After section 59‑97
Insert:

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.