Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 26.20

Assistance to students

  (1)   You cannot deduct under this Act:

  (ca)   a student contribution amount within the meaning of the Higher Education Support Act 2003 paid to a higher education provider (within the meaning of that Act); or

  (cb)   a payment made to reduce a debt to the Commonwealth under Chapter   4 of that Act; or

  (cba)   a payment made to reduce a debt to the Commonwealth under Part   3A of the VET Student Loans Act 2016 ; or

  (cc)   a payment made to reduce a debt to the Commonwealth under Chapter   2AA of the Social Security Act 1991 or Part   2 of the Student Assistance Act 1973 ; or

  (cd)   a payment made to reduce a debt to the Commonwealth under Chapter   3 of the Australian Apprenticeship Support Loans Act 2014 ; or

  (ce)   a payment made to reduce a liability to overseas debtors repayment levy under the Student Loans (Overseas Debtors Repayment Levy) Act 2015 ; or

  (d)   a payment made to reduce a debt to the Commonwealth, or to a participating corporation, under Chapter   2B of the Social Security Act 1991 or Part   4A of the Student Assistance Act 1973 .

Exception when you provide a fringe benefit

  (2)   Subsection   (1) does not stop you deducting expenditure you incur in * providing a * fringe benefit.


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