The Australian Government has made the grant assistance received under this scheme non-assessable, non-exempt income. You do not pay tax on non‑assessable, non-exempt income and you do not include the amount when you work out your tax loss.
Grant assistance received under this scheme is also not subject to GST.
Please seek advice from your accountant and/or the Australian Tax Office on 1800 806 218 if you have further questions about your individual situation.