Document ID: chunk:federal_register_of_legislation:C2025C00029:section:5:p17
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 5 (pt 17/32)
Character Range: 1423803–1426765

payments
59‑20 Taxable amounts relating to franchise fees windfall tax
59‑25 Taxable amounts relating to Commonwealth places windfall tax
59‑30 Amounts you must repay
59‑35 Amounts that would be mutual receipts but for prohibition on distributions to members or issue of MCIs
59‑40 Issue of rights
59‑50 Native title benefits
59‑55 2019‑20 bushfires—payments for volunteer work with fire services
59‑60 2019‑20 bushfires—disaster relief payments and non‑cash benefits
59‑65 Water infrastructure improvement payments
59‑67 Meaning of SRWUIP program, SRWUIP payment, direct SRWUIP payment and indirect SRWUIP payment
59‑70 List of SRWUIP programs
59‑75 Commissioner to be kept informed
59‑80 Amending assessments
59‑85 2019 floods—recovery grants for small businesses, primary producers and non‑profit organisations
59‑86 2019 floods—on‑farm grant program for primary producers
59‑90 Cash flow boost
59‑95 Coronavirus economic response payment
59‑96 COVID‑19 disaster payment
59‑97 State and Territory grants to small business relating to the recovery from the coronavirus known as COVID‑19
59‑98 Commonwealth small business support payments relating to the coronavirus known as COVID‑19
59‑99 2021 floods and storms—recovery grants
59‑100 Refund of large‑scale generation shortfall charge
59‑105 Cyclone Seroja—recovery grants

Operative provisions

59‑10  Compensation under firearms surrender arrangements
  A payment made to you by way of compensation under *firearms surrender arrangements for any loss of business is not assessable income and is not *exempt income.

59‑15  Mining payments
 (1) These are not assessable income and are not *exempt income:
 (a) a *mining payment made to a *distributing body;
 (b) a mining payment made to one or more *Indigenous persons, or applied for their benefit.
 (2) A payment:
 (a) made to a *distributing body; or
 (b) made to one or more *Indigenous persons, or applied for their benefit;
is not assessable income and is not *exempt income if the payment is made by a *distributing body out of a *mining payment that it has received.
 (3) A payment made to a *distributing body by another distributing body, out of a *mining payment received by the other distributing body, is taken to be a mining payment for the purposes of:
 (a) any further applications of subsection (2); and
 (b) any further applications of this subsection.
 (4) Subsection (2) does not apply to a payment by a *distributing body for the purposes of meeting its administrative costs.
 (5) This section does not apply to an amount paid to or applied for the benefit of a person if it is remuneration or consideration for goods or services provided by that person.

59‑20  Taxable amounts relating to franchise fees windfall tax
  Taxable amounts on which tax is imposed by the Franchise Fees Windfall Tax (Imposition) Act 1997 are not assessable income and are not *exempt income.

59‑25  Taxable amounts relating to Commonwealth places windfall