Taxation
Details of the proposed scholarship may need to be submitted to the Deputy Commissioner of Taxation for determination of the tax status of the scholarship under the Income Tax Assessment Act. Applications to the Deputy Commissioner, Australian Taxation Office, will be made by the Manager, Financial Services for scholarships to be exempt from taxation unless it is deemed that:
- it is a condition of the scholarship that a candidate is required to undertake activities that may be considered to be of use, help or benefit to the provider, then the student is rendering a service by agreeing to undertake those activities;
- on completion of the degree for which the scholarship is awarded a candidate is required to become, or shall be or continue to be, an employee of the funding body; or
- an award is received by a student where the scholarship is not provided principally for educational purposes.
