AUSTUDY Regulations
28Exempt financial investment benefits
Start here
Get a plain-English read of 28
Turn the raw legal text into a practical explanation grounded in AUSTUDY Regulations.
28 Exempt financial investment benefits
(1) In this clause:
ATO small superannuation account means an account kept in the name of an individual under the Small Superannuation Accounts Act 1995.
superannuation fund means a superannuation fund as defined for the purposes of Subdivision AA of Division 2 of Part III of the Income Tax Assessment Act 1936 that is not a fund covered by subparagraph (ia) of the definition of superannuation fund in subsection 27A (1) of that Act.
(2) An amount paid as described in clause 27 as a contribution to a superannuation fund or an ATO small superannuation account for the benefit of a recipient is an exempt financial investment benefit.
Division 3 Value of financial investment benefits