Students who are under the Tertiary Loans and Scholarship Scheme and are renting out must have a tenancy agreement done and have it witnessed by a Justice of Peace or Commissioner of Oaths before taking it to the Fiji Revenue & Customs Service for Stamp Duty.
FRCS says once the tenancy agreement is stamped, then only students will be able to claim rent allowance.
FRCS Chief Executive Officer Visvanath Das says they will also require Taxpayer Identification Number for Landlord and Tenants to verify that the agreement is authentic.
He says in the past FRCS have had issues where other TELS students were subletting flats to new students acting as landlords, parents/spouse’s renting out flats
to their own children or spouses under the scheme and forging of landlords and other
students’ signatures on tenancy agreements.
He says they’ve had instances where unregistered landlords were making agreements with students and not declaring rental income to FRCS.
Tertiary Scholarship and Loans Board Chief Executive Officer Bobby Maharaj has
emphasized that the various Fijian Government Scholarship and Loans Scheme is aimed at
assisting students who need financial assistance to realise their dream to attain tertiary, technical or vocational education. However, to benefit from these schemes, students must meet certain regulatory and policy requirements.
This is aimed at ensuring that eligible Fijians benefit from the scheme while minimising the risk of any potential students or landlords engaging in improper conduct or fraudulent activities to gain financial advantage.