Summary
Amends the
Income Tax Assessment Act 1997
,
Social Security Act 1991
and
Veterans’ Entitlements Act 1986
to: abolish the distinction between full-time and part-time scholarships and make all scholarships which satisfy certain criteria tax free; and extend the exemption for fee-waiver, fee-pay and Commonwealth Learning Scholarships from the social security personal income test to University Equity Scholarships.