Losses and pre-taxed income
Student Loan Scheme Amendment Act 2013 - losses and pre-taxed income.
The amendments in section 73(5) delay the application of measures that ensure borrowers cannot offset a loss from pre-taxed income (such as interest and dividends) when calculating their repayment obligations.
The amendments apply retrospectively from 1 April 2012, for the 2012-13 and 2013-14 tax years. The delayed measures will now apply from 1 April 2014 for the 2014-15 and later tax years.