CTHRepealedAct
Dairy Industry Adjustment Act 2000
75DSAP payments taken to be subsidies for the purposes of section 15‑10 of the Income Tax Assessment Act 1997
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75 DSAP payments taken to be subsidies for the purposes of section 15‑10 of the Income Tax Assessment Act 1997
To avoid doubt, for the purposes of section 15‑10 of the Income Tax Assessment Act 1997, a DSAP payment received by an entity is taken to be a subsidy received by the entity in relation to carrying on a business.
Note: Section 15‑10 of the Income Tax Assessment Act 1997 provides that an entity’s assessable income includes a subsidy received in relation to carrying on a business.