Technical tax area: Interpretation guidelines and interpretation statements
- Interpretation guidelines discuss the Commissioner's approach to the interpretation of a general area of law where there are also taxation implications. For example, IG009: Employee or independent contractor? assists taxpayers to determine their employment status for tax purposes.
- Interpretation statements set out the Commissioner's view of the taxation laws in relation to a particular set of circumstances in cases when a binding public ruling cannot be issued or is considered to be inappropriate.
The table below lists interpretation guidelines and interpretation statements issued in 2015, other interpretations are sorted by the year in which they were issued.
IS 15/01 - Income tax - tax exempt scholarships and bursaries - S CW 36
This interpretation statement sets out the Commissioner’s view of how the exemption in s CW 36 of the Income Tax Act 2007 should be interpreted and applied. Section CW 36 exempts some scholarships and bursaries from income tax. This interpretation statement updates and replaces “Exempting a scholarship from income tax”, Tax Information Bulletin Vol 5, No 6 (November 1993): 7.
Date of issue: 28 August 2015
IS 15/01 - RTF format (760kb | 30 pages)
IS 15/01 - PDF format (416kb | 30 pages)
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Date published: 15 Jun 2007