Taxation Administration Act 1999

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).

The exemption scheme may include the following matters:

an exemption from the requirement to pay some or all the tax payable under a tax law;

applying the exemption for a stated period;

applying the exemption to a particular transaction;

applying the exemption in stated circumstances;

making the exemption conditional on stated actions.

The exemption scheme must include a statement about whether, in the Minister’s opinion, the scheme is consistent with human rights.

An exemption scheme determination is a disallowable instrument.