Tax Laws Amendment (2008 Measures No. 2) Act 2008 (38 of 2008)

Schedule 5   Early completion bonuses for apprentices

Income Tax Assessment Act 1997

3   After section 51-40


51-42 Bonuses for early completion of an apprenticeship

(1) The bonus must be provided under a scheme provided by a State or Territory, and the scheme must be specified in the regulations for the purposes of this section.

(2) The apprenticeship:

(a) must be for an occupation of a kind specified in the regulations; and

(b) must be completed within a time frame specified in the regulations for apprenticeships of that kind.