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Edited version of your written advice
Authorisation number: 1051295084108
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You cannot rely on this edited version in your tax affairs. You can only rely on the advice that we have given to you or to someone acting on your behalf.
The advice in the Register has been edited and may not contain all the factual details relevant to each decision. Do not use the Register to predict ATO policy or decisions.
Date of advice: 16 October 2017
Ruling
Subject: Scholarship income
Question 1
Is the scholarship income you receive exempt from income tax?
Answer
Yes
As you are a full time student in receipt of a scholarship provided principally for educational purposes and are not required to enter into a labour contract with the scholarship provider, your scholarship income is exempt from income tax as per section 51-10 of the Income Tax Assessment Act 1997
This ruling applies for the following periods:
Year ended 30 June 2017
The scheme commences on:
1 July 2016
Relevant facts and circumstances
You study full time at a University.
You are undertaking a professional placement as part of your course. This placement or Industry Based Learning involves assessments and generates credit towards your degree.
You are paid a stipend/scholarship amount by the university for your placement.
You are not and will not be required to work for the university or the host organisation on completion of your study or placement.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 51-10
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