INCOME TAX ASSESSMENT ACT 1997 - SECT 380.35 Payments made and non - cash benefits provided in relation to the National Rental Affordability Scheme

INCOME TAX ASSESSMENT ACT 1997 - SECT 380.35

    A payment made to you, or a * non - cash benefit provided to you, (whether directly or indirectly, such as through an * NRAS consortium of which you are a * member) by:

  (a)   a Department of a State or Territory; or

  (b)   a body (whether incorporated or not) established for a public purpose by or under a law of a State or Territory;

in relation to your participation in the * National Rental Affordability Scheme is not assessable income and is not * exempt income.

Table of Subdivisions

  Guide to Division   385

385 - E   Primary producer can elect to spread or defer tax on profit from forced disposal or death of live stock

385 - F   Insurance for loss of live stock or trees

385 - G   Double wool clips

385 - H   Rules that apply to all elections made under Subdivisions   385 - E, 385 - F and 385 - G