• Legal database
Legal database

Taxation Ruling

IT 2138W - Notice of Withdrawal

Exempt income : overseas students - Commonwealth aid programs

  • Please note that the PDF version is the authorised version of this withdrawal notice.

Notice of Withdrawal

Taxation Ruling IT 2138 is withdrawn with effect from today.

1. Taxation Ruling IT 2138 is about whether income derived by foreign students by way of scholarship, bursary, or other educational allowance from the Commonwealth is exempt income under paragraph 23(ya) of the Income Tax Assessment Act 1936 (ITAA 1936). IT 2138 states that income derived by foreign students from the eight arrangements listed in the Ruling that are financed by the Commonwealth is exempt from income tax.

2. Paragraph 23(ya) of the ITAA 1936 has been substituted by Item 7 of section 842-105 of the Income Tax Assessment Act 1997 effective from 14 September 2006.

3. The names of the schemes and the name of the agency responsible for administration of the schemes are no longer current.

4. Accordingly, IT 2138 is no longer current and is withdrawn.

Commissioner of Taxation
4 February 2009

References

ATO references:
NO 2006/20258

ISSN: 0813-3662

Related Rulings/Determinations:

CITCM 833

Subject References:
EXEMPT INCOME
OVERSEAS STUDENTS
COMMONWEALTH AID PROGRAMS

Legislative References:
23(ya)


Back to top