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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-15 - NON-ASSESSABLE INCOME    View history reference

Division 52 - Certain pensions, benefits and allowances are exempt from income tax    View history reference

Subdivision 52-F - Exemption of Commonwealth education or training payments  

SECTION 52-140  Supplementary amount of a Commonwealth education or training payment is exempt  

 [No equivalent]

52-140(1)  

 View history reference
This section tells you about the income tax treatment of a *Commonwealth education or training payment (other than a payment to or on behalf of a student under the scheme known as ABSTUDY).

Note:

The income tax treatment of payments under the scheme known as ABSTUDY is dealt with in Subdivision 52-E .

52-140(2)  

The *supplementary amount of the payment is exempt from income tax.

52-140(3)  

The supplementary amount is the total of:


(a) so much of the payment as is included to assist you with, or to reimburse you for, the costs of any one or more of the following:

(i) rent;

(ii) living in a remote area;

(iii) commencing employment;

(iv) travel to, or participation in, courses, interviews, education or training;

(v) a child or children wholly or substantially dependent on you;

(vi) telephone bills;

(vii) living away from your usual residence;

(viii) maintaining your usual residence while living away from that residence;

(ix) accommodation, books or equipment;

(x) (Repealed by No 56 of 2010)

(xa) discharging a compulsory repayment amount (within the meaning of the Higher Education Support Act 2003 );

(xi) transport in travelling to undertake education or training, or to visit your usual residence when undertaking education or training away from that residence;

(xii) if you are disabled - acquiring any special equipment, services or transport as a result of the disability;

(xiii) anything that would otherwise prevent you from beginning, continuing or completing any education or training; and
 View history reference


(b) so much of the payment as is included by way of pharmaceutical allowance; and


(c) so much of the payment as is included by way of energy supplement.
 View history reference

[ CCH Note: S 52-140 will be amended by No 116 of 2018, s 3 and Sch 1 item 31, by inserting para (a)(xb) after para (a)(xa), effective 1 July 2019. Para (a)(xb) will read:


(a)(xb) discharging a compulsory VETSL repayment amount (within the meaning of the VET Student Loans Act 2016 );
]


 



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