137EExemption scheme

137E Exemption scheme (1) The Minister may determine a scheme to exempt a person who is required to pay tax under a tax law from the requirement to pay the tax (an exemption scheme). (2) The exemption scheme may include the following matters: (a) an exemption from the requirement to pay some or all the tax payable under a tax law; (b) applying the exemption for a stated period; (c) applying the exemption to a particular transaction; (d) applying the exemption in stated circumstances; (e) making the exemption conditional on stated actions. (3) The exemption scheme must include a statement about whether, in the Minister’s opinion, the scheme is consistent with human rights. (4) An exemption scheme determination is a disallowable instrument.

Miscellaneous Division 11.6