Commonwealth Consolidated Acts

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STUDENT ASSISTANCE ACT 1973 - SECT 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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