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Taxation Laws Amendment (Scholarships) Bill 2005 [2008]
2004

 

2004-2005

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

Presented and read a first time

 

 

 

 

 

Taxation Laws Amendment (Scholarships) Bill 2005

 

 

No.      , 2005

 

(Senator Stott Despoja)

 

 

 

A Bill for an Act to amend the Income Tax Assessment Act 1997 , the Social Security Act 1991 and the Veterans’ Entitlements Act 1986 , and for related purposes

   

   



Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Objects................................................................................................ 2

4............ Schedule(s)......................................................................................... 2

Schedule 1—Amendment of the Income Tax Assessment Act 1997        3

Schedule 2—University Equity Scholarships                                                         4

Social Security Act 1991                                                                                             4

Veterans’ Entitlements Act 1986                                                                               4

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A Bill for an Act to amend the Income Tax Assessment Act 1997 , the Social Security Act 1991 and the Veterans’ Entitlements Act 1986 , and for related purposes

 

 

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Taxation Laws Amendment (Scholarships) Act 2005 .

2   Commencement

                   This Act commences on the day on which it receives the Royal Assent.

3   Objects

                   The objects of this Act are:

                     (a)  to abolish the distinction between full-time and part-time scholarships and make all scholarships which satisfy the other criteria in the existing provisions tax free; and

                     (b)  to remove the structural barriers to education, of particular concern to women, that taxing part-time scholarships cause; and

                     (c)  to abolish the distinction between Commonwealth Learning Scholarships and university-based scholarships by making a new class of university scholarships, exempt from the social security personal income test.

4   Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.