The ATO on Wed 18.9.2013, released Class Ruling CR 2013/71 (University of Melbourne Dairy Resident Training Program scholarship). It applies from 1 January 2013. Broadly, the Ruling states that the stipend payments made by the University would be assessable income to the student under s 6-5 of the ITAA 1997, however, the payments are exempt from tax under s 51-10.
[LTN 181, 18/9/13]