Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 52.140

  (1)   This section tells you about the income tax treatment of a * Commonwealth education or training payment (other than a payment to or on behalf of a student under the scheme known as ABSTUDY).

Note:   The income tax treatment of payments under the scheme known as ABSTUDY is dealt with in Subdivision   52 - E.

  (2)   The * supplementary amount of the payment is exempt from income tax.

  (3)   The supplementary amount is the total of:

  (a)   so much of the payment as is included to assist you with, or to reimburse you for, the costs of any one or more of the following:

  (i)   rent;

  (ii)   living in a remote area;

  (iii)   commencing employment;

  (iv)   travel to, or participation in, courses, interviews, education or training;

  (v)   a child or children wholly or substantially dependent on you;

  (vi)   telephone bills;

  (vii)   living away from your usual residence;

  (viii)   maintaining your usual residence while living away from that residence;

  (ix)   accommodation, books or equipment;

  (xa)   discharging a compulsory repayment amount (within the meaning of the Higher Education Support Act 2003 );

  (xb)   discharging a compulsory VETSL repayment amount (within the meaning of the VET Student Loans Act 2016 );

  (xi)   transport in travelling to undertake education or training, or to visit your usual residence when undertaking education or training away from that residence;

  (xii)   if you are disabled--acquiring any special equipment, services or transport as a result of the disability;

  (xiii)   anything that would otherwise prevent you from beginning, continuing or completing any education or training; and

  (b)   so much of the payment as is included by way of pharmaceutical allowance; and

  (c)   so much of the payment as is included by way of energy supplement.