The object of this Act, consisting of 20 sections, is to provide financial support to entities directly or indirectly affected by the Coronavirus known as COVID-19. This Act extends to every external Territory referred to in the definition of Australia (within the meaning of section 960-505 of the Income Tax Assessment Act 1997). The rules may make provision for and in relation to: (a) one or more kinds of payments by the Commonwealth to an entity in respect of a time that occurs during the prescribed period; and (b) the establishment of a scheme providing for matters relating to one or more of those payments, and matters relating to such a scheme. Paragraphs (a) and (b) do not limit each other. (2) Without limiting subsection (1), the rules may make provision for and in relation to the following matters: (a) the eligibility criteria for a payment; (b) if or how an application for a payment may or must be made; (c) whether a payment is to be paid in installments or as a lump sum; (d) entitlement to a payment or an installment of a payment; (e) the amount of a payment or an installment of a payment; (f) when a payment or an installment of a payment is payable; (g) conditions applying to a payment or an installment of a payment; (h) providing information or notices; (i) rights, obligations or liabilities of: (i) an entity that is paid a payment; or (ii) an entity that directly benefits from another entity being paid a payment; or (iii) if the entitlement of an entity to a payment relates to a relationship existing between the entity and another entity—the other entity. Paragraphs (a) to (i) do not limit each other.
Australie · 2020-04-09