Commonwealth Consolidated Acts

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STUDENT ASSISTANCE ACT 1973 - SECT 12L

Financial supplement contract exempt from certain laws and taxes

  (1)   A law of a State or Territory relating to the provision of credit or other financial assistance does not apply to a financial supplement contract.

  (2)   An application for the payment of financial supplement, a financial supplement contract, or an act or thing done or transaction entered into under such a contract, is not subject to taxation under any law of a State or Territory.



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