s 12ZR
In forceBenefits to students under student financial supplement scheme not subject to taxation
Part 4AFinancial supplement for tertiary students
Division 6Indebtedness existing after termination date
Subdivision EMiscellaneous
12ZR Benefits to students under student financial supplement scheme not subject to taxation
(1)
Any amount paid or other benefit given to a person under the Student Financial Supplement Scheme is not subject to taxation under any law of the Commonwealth unless a provision of such a law expressly provides to the contrary.
(2)
Subsection (1) does not affect any liability to taxation of a participating corporation in respect of any subsidy or other amount paid to the corporation under the Student Financial Supplement Scheme.
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