Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p13
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 13/26)
Character Range: 1264435–1267094

student
  The following payments made to or on behalf of a student are not exempt from income tax under item 2.1B of the table in section 51‑10:
 (a) a *Commonwealth education or training payment;
 (b) an education entry payment under Part 2.13A of the Social Security Act 1991.
Note: The whole or part of a Commonwealth education or training payment may be exempt under Subdivision 52‑E or 52‑F.

51‑42  Bonuses for early completion of an apprenticeship
 (1) The bonus must be provided under a scheme provided by a State or Territory, and the scheme must be specified in the regulations for the purposes of this section.
 (2) The apprenticeship:
 (a) must be for an occupation of a kind specified in the regulations; and
 (b) must be completed within a time frame specified in the regulations for apprenticeships of that kind.

51‑43  Income collected or derived by copyright collecting society
 (1) This section applies to a *copyright collecting society if Division 6 of Part III of the Income Tax Assessment Act 1936 applies to the income of the society.
 (2) The following are exempt from income tax:
 (a) *royalties, and interest on royalties, collected or *derived by the society in an income year;
 (b) any other amounts, relating to copyright, that are:
 (i) derived by the society in an income year; and
 (ii) prescribed by the regulations for the purposes of this paragraph;
 (c) other *ordinary income and *statutory income derived by the society in an income year, to the extent that it does not exceed the lesser of:
 (i) 5% of the total amount of the *ordinary income and *statutory income collected and derived by the society in the income year; and
 (ii) $5 million or such other amount as is prescribed by the regulations for the purposes of this subparagraph.

51‑45  Income collected or derived by resale royalty collecting society
 (1) This section applies to the *resale royalty collecting society if Division 6 of Part III of the Income Tax Assessment Act 1936 applies to the income of the society.
 (2) The following are exempt from income tax:
 (a) *resale royalties, and interest on resale royalties, collected or *derived by the society in an income year;
 (b) any other amounts, relating to *resale royalty rights, that are:
 (i) derived by the society in an income year; and
 (ii) prescribed by the regulations for the purposes of this paragraph;
 (c) other *ordinary income and *statutory income derived by the society in an income year, to the extent that it does not exceed the lesser of:
 (i) 5% of the total amount of the ordinary income and statutory income collected and derived by the society in the income year; and
 (ii)