Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 2

3............ Schedules............................................................................................ 2

Schedule 1--Amendments relating to Coronavirus economic response payments            3

Coronavirus Economic Response Package (Payments and Benefits) Act 2020  3

Schedule 2--Disclosure of tax information to Australian government agencies to facilitate COVID-19 business support programs                                                                 4

Taxation Administration Act 1953                                                                           4

Schedule 3--Tax-free treatment of payments from COVID-19 business support programs     5

Income Tax Assessment Act 1997                                                                              5

Schedule 4--Modification power                                                                                 7

Coronavirus Economic Response Package Omnibus (Measures No. 2) Act 2020              7

Schedule 5--Tax-free treatment of COVID-19 disaster payments         9

Income Tax Assessment Act 1997                                                                              9

 

 

 

Treasury Laws Amendment (COVID-19 Economic Response No. 2) Act 2021

No. 79, 2021

 

An Act to provide an economic response, and deal with other matters, relating to the coronavirus, and for related purposes

[Assented to 10 August 2021]

The Parliament of Australia enacts: