Higher Education Support Act 2003

Chapter 4 - Repayment of loans  

PART 4-1 - INDEBTEDNESS  

Division 137 - How do HELP debts arise?  

SECTION 137-15   OS-HELP debts  
Incurring OS-HELP debts

137-15(1)    
A person incurs a debt to the Commonwealth if, under section 124-1 , the Commonwealth makes a loan to the person. The debt is an OS-HELP debt .

Note:

For a student who is entitled to a supplementary amount for Asian language study, see subsections 124-1(2A) and (2B) .

137-15(2)    

The amount of the *OS-HELP debt is an amount equal to the amount of the loan.

When OS-HELP debts are incurred

137-15(3)    
The *OS-HELP debt is taken to have been incurred on the day on which a higher education provider, on the Commonwealth ' s behalf, paid the amount lent to the person.