12L
In forceFinancial supplement contract exempt from certain laws and taxes
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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