Veterans’ Entitlements Income Exempt Lump Sum
Determination No. 1 of 2001
I, JEANETTE RICKETTS, Branch Head, Income Support and a delegate of the Repatriation Commission, make the following determination in respect of Rotary Foundation Ambassadorial Scholarships, under paragraph 5H(12)(c) of the Veterans’ Entitlements Act 1986.
Dated this 8th day of March 2001.
JEANETTE RICKETTS
Branch Head
Income Support
Veterans’ Entitlements Income Exempt Lump Sum Determination No. 1 of 2001.
1.1 NAME OF DETERMINATION
This determination is the Veterans’ Entitlements Income Exempt Lump Sum Determination No. 1 of 2001.
1.2 COMMENCEMENT
This determination commences on the day it is signed.
1.3 DEFINITIONS
In this determination:
Act means the Veterans’ Entitlements Act 1986.
Ambassadorial Scholarship means a scholarship provided to a person by the Rotary Foundation for the purpose of assisting the person to pursue vocational studies overseas to further international understanding and friendly relations among people of different countries. The scholarships are for study overseas and is intended to help cover round-trip transportation, tuition fees and educational supplies
There are currently three Ambassadorial Scholarships awarded by the Rotary Foundation, namely Academic Year, Multi-Year and Cultural Ambassadorial Scholarships.
The Academic-Year Scholarship provides funding for one academic year of study in another country. The scholarship payment is made as 2 separate lump sum payments, one before the commencement of the scholarship and another 3 months later subject to the submission of a report.
The Multi-Year scholarships are for either two or three years of study in another country. These scholarships are offered mainly by Rotary districts in Japan and Korea.
The Cultural Scholarships are for either three or six months of intensive language study and cultural immersion in another country. The scholarship payment is made as one lump sum payment.
Veterans’ Entitlements Income Exempt Lump Sum Determination No. 1 of 2001.
2.1 AMOUNT OR CLASS OF AMOUNTS
Paragraph 5H(12)(c) of the Act provides that an amount, or one of a class of amounts received by a person is an exempt lump sum if the amount, or class of amounts is determined by Commission to be an exempt lump sum. Set out below is the payment to be regarded as exempt lump sums under paragraph 5H(12)(c).
(1) An amount received by a person awarded an Ambassadorial Scholarship.
2.2 APPLICATION-EXEMPT LUMP SUMS
(1) It is appropriate to determine that an amount, or class of amounts, paid to a person, on or after the commencement of this determination, as described in subclause 2.1(1) of this determination, is an exempt lump sum under paragraph 5H(12)(c) of the Act.