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COMMONWEALTHAct
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s 12L

Financial supplement contract exempt from certain laws and taxes

In force
Part 4AFinancial supplement for tertiary students
Division 3Payment of financial supplement

12L Financial supplement contract exempt from certain laws and taxes

(1)

A law of a State or Territory relating to the provision of credit or other financial assistance does not apply to a financial supplement contract.

(2)

An application for the payment of financial supplement, a financial supplement contract, or an act or thing done or transaction entered into under such a contract, is not subject to taxation under any law of a State or Territory.

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