1061ZZFN
In forcePayments not subject to taxation
Volume 3Chapter 2AA, Part 2AA.1 to Chapter 3, Part 3.12 (sections 1061ZVAA to 1157)
Chapter 2BStudent Financial Supplement Scheme
Part 2B.3Repayment of financial supplement through taxation system after termination date
Division 10Treatment of payments under financial supplement scheme
1061ZZFN Payments not subject to taxation
(1)
An amount paid, or other benefit given, to a person under this Chapter is not subject to taxation under a law of the Commonwealth unless a provision of such a law expressly provides to the contrary.
(2)
However, subsection (1) does not affect the liability to taxation of a participating corporation for a subsidy or other amount paid to the corporation under this Chapter.
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