Australian Apprenticeship Support Loans Act 2014

CHAPTER 3 - Loan repayments  

PART 3.2 - DISCHARGING DEBTS  

Division 2 - Completion discount  

SECTION 41  

41   APPLICATION OF COMPLETION DISCOUNT  

If the Secretary notifies the Commissioner of a completion discount for a person under section 40 , the amount of the completion discount is to be applied as follows:

(a)    first, in discharge or reduction of any accumulated AASL debt of the person;

(b)    second, in discharge or reduction of:

(i) any AASL debt of the person; or

(ii) if there is more than one such debt, those debts in the order in which they were incurred.