Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 59.100

Refund of large - scale generation shortfall charge

  (1)   A payment to an entity under section   98 of the Renewable Energy (Electricity) Act 2000 is not assessable income and is not * exempt income.

  (2)   Disregard subsection   (1) for the purposes of determining whether an entity can deduct expenditure that it incurs in relation to large - scale generation certificates (within the meaning of the Renewable Energy (Electricity) Act 2000 ).


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