Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 26.20

Assistance to students

             (1)  You cannot deduct under this Act:

                    (ca)  a student contribution amount within the meaning of the Higher Education Support Act 2003 paid to a higher education provider (within the meaning of that Act); or

                   (cb)  a payment made to reduce a debt to the Commonwealth under Chapter 4 of that Act; or

                  (cba)  a payment made to reduce a debt to the Commonwealth under Part 3A of the VET Student Loans Act 2016 ; or

                    (cc)  a payment made to reduce a debt to the Commonwealth under Chapter 2AA of the Social Security Act 1991 or Part 2 of the Student Assistance Act 1973 ; or

                   (cd)  a payment made to reduce a debt to the Commonwealth under Chapter 3 of the Trade Support Loans Act 2014 ; or

                    (ce)  a payment made to reduce a liability to overseas debtors repayment levy under the Student Loans (Overseas Debtors Repayment Levy) Act 2015 ; or

                     (d)  a payment made to reduce a debt to the Commonwealth, or to a participating corporation, under Chapter 2B of the Social Security Act 1991 or Part 4A of the Student Assistance Act 1973 .

Exception when you provide a fringe benefit

             (2)  Subsection (1) does not stop you deducting expenditure you incur in * providing a * fringe benefit.



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