Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS  

Division 26 - Some amounts you cannot deduct, or cannot deduct in full  

Operative provisions  

SECTION 26-20   Assistance to students  

26-20(1)    
You cannot deduct under this Act:

(a) - (c) (Repealed by No 56 of 2010)

(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

26-20(2)    
Subsection (1) does not stop you deducting expenditure you incur in ^* providing a ^* fringe benefit.