CTHIn ForceAct
Student Assistance Act 1973
12LFinancial supplement contract exempt from certain laws and taxes
Start here
Get a plain-English read of 12L
Turn the raw legal text into a practical explanation grounded in Student Assistance Act 1973.
#### 12L Financial supplement contract exempt from certain laws and taxes
(1) A law of a State or Territory relating to the provision of credit or other financial assistance does not apply to a financial supplement contract.
(2) An application for the payment of financial supplement, a financial supplement contract, or an act or thing done or transaction entered into under such a contract, is not subject to taxation under any law of a State or Territory.