Private ruling: Whether scholarship is assessable
Date of advice: 19 August 2020
Published: October 2020
Ruling period: Year ended 30 June 20XX | Year ending 30 June 20XX | Year ending 30 June 20XX | Year ending 30 June 20XX
Date scheme commenced: Month X 20XX

Ruling: Q1: Is your scholarship assessable income? | A1: No.

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