Income Tax Assessment Act 1997

You cannot deduct under this Act *SRWUIP expenditure if the matching *SRWUIP payment is, or is reasonably expected to be, *non‑assessable non‑exempt income (whether for you or for another entity) under section 59‑65.

SRWUIP expenditure, in respect of a *SRWUIP program, is expenditure that:

you incur that satisfies an obligation under an *arrangement under the program; and

is, or is reasonably expected to be, matched by a *SRWUIP payment in respect of the program.

However, treat the expenditure as if it had never been SRWUIP expenditure if it is no longer reasonable to expect that the expenditure will be matched by a *SRWUIP payment in respect of the program.