Student Assistance Act 1973
Part 4A
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Financial Supplement for Tertiary Students
Division 6
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Indebtedness existing after termination date
Subdivision E
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Miscellaneous
SECTION 12ZR
BENEFITS TO STUDENTS UNDER STUDENT FINANCIAL SUPPLEMENT SCHEME NOT SUBJECT TO TAXATION
12ZR(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.
12ZR(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.
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.
12ZR(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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