Policy

13.3.9 Who may an education allowance be paid to 

This chapter contains the following sections:

13.9.1 Students Living At Home

13.9.2 Students Living Away From Home

13.9.3 Homeless students

13.9.4 Payments where there is Shared Care of a child/ren

13.3.8 Taxation Under the Education Schemes

All VCES and MRCAETS payments made to students under 16 years of age are exempt from tax (see s51-10 table item 2.1A of the Income Tax Assessment Act 1997 (ITAA)).

13.3.7 Indexing education allowances

See paragraph 3.8 of the Instruments

With effect from 1 January 1999, or from any earlier date that may be determined by instrument in writing by the Commission, the following allowances shall be indexed annually in accordance with paragraph 3.8.2.

13.3.6 Double Orphan Rate

See paragraph 3.6A of the VCES Instrument

A VCES student who is a double orphan and who is also a secondary or tertiary student is entitled to be paid an education allowance at the higher double orphan rate for the purpose of the student’s education and training.

13.3.5 Allowances for Homeless students

See paragraph 3.6 of the Instruments

13.3.4 Allowances for Tertiary students (including Apprentices, Trainees and cadets) living away from home

See paragraph 3.5 of the Instruments

13.3  Education Allowances and Taxation under the Education Scheme

Education allowances are paid under the VCES and MRCAETS as compensation and are designed to provide financial assistance towards the cost of an eligible child’s education.

Allowances are paid at the Living At Home, Living Away from Home, Homeless, and Double Orphan rates.