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Edited version of private advice
Authorisation Number: 1051731610180
Date of advice: 19 August 2020
Ruling
Subject: Whether scholarship is assessable
Question
Is your scholarship assessable income?
Answer
No.
This ruling applies for the following periods:
Year ended 30 June 20XX
Year ending 30 June 20XX
Year ending 30 June 20XX
Year ending 30 June 20XX
The scheme commences on:
Month X 20XX
Relevant facts and circumstances
You are a full-time student.
You are studying at a university.
You are receiving a scholarship.
The scholarship was granted to you on Month X 20XX.
The money from the scholarship will be used solely for the payment of university fees.
You advised that the scholarship is provided only for educational purposes.
There are no conditions which require you to be an employee of the scholarship provider or enter into any contract with the scholarship provider that is wholly or principally for labour.
The scholarship does not involve a guarantee of further employment with the provider or a related entity.
The scholarship provider does not have any rights to your work as part of this scholarship.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 6-5
Income Tax Assessment Act 1997 subsection 6-15(2)
Income Tax Assessment Act 1997 section 51-10
Income Tax Assessment Act 1997 section 51-35