Education and Other Legislation Amendment (VET Student Loan Debt Separation) Act 2018 (116 of 2018)
Schedule 1 Separation of VET student loan debts from HELP debts
Part 2 Consequential and contingent amendments
Income Tax Assessment Act 1997
28 Section 12-5 (after table item headed "uranium mining")
Insert:
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VET student loans |
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limit on deduction |
82A |
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payment made to reduce a debt to the Commonwealth under Part 3A of the VET Student Loans Act 2016 (VETSL debts), no deduction unless provided as fringe benefit |
26-20 |