Document ID: chunk:federal_register_of_legislation:C2023C00380:clause:9_17
Version: federal_register_of_legislation:C2023C00380
Segment Type: clause
Provision Reference: sch 9 cl 17
Character Range: 284613–285716

17  Subsection 14A(1) (definition of liquid assets)
Omit all the words from and including "but does not include", substitute:
but does not include:
 (d) an amount that is a qualifying eligible termination payment for the purposes of Subdivision AA of Division 2 of Part III of the Income Tax Assessment Act; or
 (e) in the case of a person who:
 (i) has claimed or is receiving a youth allowance or an austudy payment; and
 (ii) is undertaking a tertiary course of education in any year or part of a year;
  an amount necessary to cover the reasonable expenses incurred, or likely to be incurred, by the person in that year or that part of a year and that are directly related to his or her undertaking the course, including:
 (iii) up front course fees; and
 (iv) HECS payments; and
 (v) union fees; and
 (vi) costs of text books; and
 (vii) costs of any tools or equipment required to undertake the course, including computer software; and
 (viii) expenses directly related to any field trips undertaken for the purposes of the course; and
 (ix) such other expenses as are approved by the Secretary.