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A merit or equity-based scholarship is a scholarship that is awarded to a student to:
Note: These do not include Commonwealth scholarships, relocation scholarships, student start-up scholarships or Rural Tertiary Hardship Fund grants which are excluded amounts for social security purposes.
A scholarship granted to a student for either of these purposes is treated as exempt income from 1 April 2010 for social security purposes to the extent that the payment does not exceed the person's threshold of $6,972 in a calendar year.
The value of this threshold is indexed each year.
Act reference: SSAct section 8(8)(zjd) Excluded amounts-general, section 8(8AA) For the purposes of paragraph (8)(zjd), each of the following is an excluded amount..., section 8(8AB) For the purposes of paragraph (8)(zjd), a person's threshold amount...
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Last reviewed: 16 May 2011
