As part of Australian Institute of Sport (AIS)’s high performance strategy, the dAIS scheme aims to provide athletes with direct financial support to enable them to focus on training and competitions to achieve the strategy targets in Olympic, Paralympic and Commonwealth Games sports.
As a dAIS grant recipient, it is important that you read your letter of offer carefully and are familiar with the eligibility criteria.
COVID-19 and sporting activity
Australian Institute of Sport, partnering with the Australian Olympic Committee and Paralympics Australia in the lead-up the Tokyo Olympic and Paralympic Games, is committed to providing the National High Performance Sports System with timely, evidence-based information on the Coronavirus (COVID-19) that recognises the unique concerns and context associated with high performance sport.
Visit the dedicated COVID-19 and sporting activity webpage to access helpful information on a range of topics, such as
- Travelling to sporting events
- Mental health and wellbeing
- Funding and assistance for athletes
- Athletes arriving in, or returning to Australia
- And more
dAIS Income tax consequences
All athletes who receive a dAIS grant are required to consider their individual income tax consequences.
The ATO has published a Class Tax Ruling advising that dAIS grants received by individual taxpayers may not assessable under subsection 6-5(1) as ordinary income, if the athlete is not ‘carrying on a business as a sportsperson’.
The AIS strongly recommends all athletes seek professional taxation and financial advice to understand the legislative and tax implications of their dAIS arrangements for tax compliance purposes.
Refer here for the full Class Tax Ruling application: CR 2021/100 | Legal database (ato.gov.au)
For further information, please contact your NSO and/or Athlete Wellbeing and Engagement Manager, or contact the AIS at AISInvestment@ausport.gov.au.