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INCOME TAX ASSESSMENT ACT 1997 - SECT 51.10

Education and training

 

Education and training




Item




If you are:


... the following amounts are exempt from income tax:

... subject to these exceptions and special conditions:

2.1A

a full-time student at a school, college or university

a scholarship, bursary, educational allowance or educational assistance

see section 51- 35

2.1B

(a) a student; or

(b) a recipient of a payment in respect of a student

a payment under a Commonwealth scheme for assistance of:

(a) secondary education; or

(b) the education of isolated children

see section 51-40

2.1

a recipient of a grant made by the Australian-American Educational Foundation

the grant

the grant is from funds made available to the Foundation under the agreement establishing it

2.2

an employer

payments under the CRAFT Scheme (the Commonwealth Rebate for Apprentice Full-Time Training Scheme)

each payment is for an apprentice who most recently started work with you before 1 January 1998

2.3

a recipient of a scholarship known as a Commonwealth Trade Learning Scholarship

the scholarship

none

2.4

a recipient of a payment known as the Apprenticeship Wage Top-Up

the payment

none

2.5

a recipient of:

(a) a research fellowship under the Endeavour Awards; or

(b) an Endeavour Executive Award

the fellowship or award

none

2.6

a recipient of a bonus for early completion of an apprenticeship

so much of the bonus as does not exceed $1,000

see section 51-42

2.7

a recipient of a payment under the program known as Skills for Sustainability for Australian Apprentices

the payment

none

2.8

a recipient of a payment under the program known as Tools for Your Trade (within the program known as the Australian Apprenticeships Incentives Program)

the payment

none



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