Commonwealth Consolidated Acts Commonwealth Consolidated Acts
Income Tax Assessment Act 1997
1 Section 11 - 15 (table item headed "education")
After " education " (first occurring), insert " and training ".
2 Section 11 - 15 (table item headed "education")
After:
CRAFT scheme, employer's income from .......... | 51 - 10 |
insert:
Endeavour Awards, research fellowship under ........ | 51 - 10 |
Endeavour Executive Award ................... | 51 - 10 |
3 Section 11 - 15 (table item headed "student")
Omit:
see education |
|
substitute:
see education and training |
|
4 Section 51 - 10 (at the end of the table)
Add:
2.5 | a recipient of: (a) a research fellowship under the Endeavour Awards; or (b) an Endeavour Executive Award | the fellowship or award | none |
5 Application
The amendments of the Income Tax Assessment Act 1997 made by items 2 and 4 of this Schedule apply in relation to fellowships and awards received in the 2007 - 08 income year and later income years.