The ATO on Wed 18.6.2014, issued Class Ruling CR 2014/49 (Payments made under the Education and Training Grant Program provided by the Rugby Union Players’ Association). It applies from 1 April 2013. Broadly, the Ruling states that amounts received under the program are not assessable under either ss 6-5 or 15-2 of the ITAA 1997.
[LTN 115, 18/6/14]