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Am I responsible for any taxes incurred as a result of being selected for a General Sir John Monash Award?

April 26, 2017award incurred john monash responsible Selected sir taxes

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Am I responsible for any taxes incurred as a result of being selected for a General Sir John Monash Award?

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Yes. Award winners are responsible for any taxes incurred. However, a General Sir John Monash Award is exempt from Australian income tax, subject to the terms of ATO Ruling CR 2003/109 at – http://law.ato.gov.