Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 59.55

  (1)   A payment to an individual is not assessable income and is not * exempt income if:

  (a)   the purpose of the payment is to compensate the individual for the loss of income as a result of the individual performing volunteer work with a fire service (however described) of a State or Territory; and

  (b)   the work is performed during the 2019 - 20 income year; and

  (c)   the payment is made by a State or Territory and is covered by an agreement between the Commonwealth and that State or Territory; and

  (d)   the payment is made on or after 1   January 2020.

  (2)   However, this section does not apply to:

  (a)   a payment received in the individual's capacity as an employee or contractor (including a payment of an entitlement to paid leave); or

  (b)   a workers' compensation payment.