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The Assistant Treasurer, Senator Nick Sherry, has welcomed the passage of legislation in Parliament today of tax changes to lessen the financial hardship experienced by those affected by the North Western Queensland floods and add two new organisations to the list of deductible gift recipients (DGRs). 6) Bill 2009 , which passed the Senate this afternoon, ensures the income recovery subsidy that was available to those who suffered loss of income as a direct result of the North Western Queensland floods of January and February 2009 is exempt from income tax. The Bill also adds the Green Institute and the United States Studies Centre (USSC) to those DGRs listed by name in Division 30 of the Income Tax Assessment Act 1997.
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