Commonwealth Numbered Regulations

1993 No. 367 AUSTUDY REGULATIONS (AMENDMENT) - REG 39

39.1 Subregulation 90 (1): Omit the subregulation, substitute:

"(1) If the circumstances described in subregulation (4) apply to a student,
for the purposes of the calculation of parental income under regulation 86:

   (a)  G P I, within the meaning of subregulation 86 (1), means the income of
        the student's parent, or the total income of both of the student's
        parents, as the case requires, in the financial year ending in the
        year of study; and

   (b)  F B, within the meaning of that subregulation, means the value of all
        fringe benefits received by the student's parent, or the total value
        of the fringe benefits received by both of the student's parents, as
        the case requires, that exceeds $1,000, being fringe benefits that
        are:

        (i)    described in subregulation 86 (9); and

        (ii)   received in the fringe benefits year ending in the year of
               study.".