Income tax: Swinburne University - Industry-Based Learning Scholarship

CR 2006/3 is about the taxation treatment of payments made under the Industry Based Learning Scholarship with Swinburne University to full-time students, under section 51-10 of the Income Tax Assessment Act 1997 .

The Ruling continues to apply, in respect of the tax law(s) ruled upon, to all persons within the specified class who enter into the specified arrangement during the term of the ruling. Thus, the Ruling continues to apply to those persons, even following its withdrawal, for arrangements entered into prior to withdrawal of the Ruling. This is subject to there being no change in the arrangement or in the persons' involvement in the arrangement.