The ATO provides an on-line Decision Tool to assist scholarship receipients to determine whether their scholarship is taxable. Your MTS Scholarship is an “Academic Scholarship” that was awarded to you “on merit”.
To view the ATO’s on-line Decision Tool click here.
Note to apprentices undertaking an ASTC (Academic Studies in Theology Certificate) through the Timothy Partnership: One of the ATO criteria for scholarship payments to be non-assessable, is that the scholarship recipient is studying on a full-time basis. Undertaking 3 ASTC units during a semester would qualify the apprentice to be studying on a full-time basis during the semester, undertaking only 1 unit of study would not qualify the apprentice to be studying on a full-time basis during the semester.