With reference to relevant legislation / case law discuss whether the following receipts are assessable income? You need to provide reasons to justify your answers.

1. Sam is a full-time student and received a scholarship of $3,000 per year from ABC Co, conditional upon Sam agreeing to accept employment with the ABC Co for at least three years after graduation.
2. Sam also received remuneration of $600 earned for part-time services as a member of the Australian Building Society.