Australian Apprenticeship Support Loans Act 2014

CHAPTER 3 - Loan repayments  

PART 3.2 - DISCHARGING DEBTS  

Division 4 - Compulsory discharge  

Subdivision A - Liability to repay amounts  

SECTION 47   REPAYABLE AASL DEBT FOR AN INCOME YEAR  

47(1)    

A person ' s repayable AASL debt for an income year is:

(a)    

the person ' s accumulated AASL debt referred to in paragraph 46(1)(b) in relation to that income year; or

(b)    if any or all of the following apply:

(i) that debt has been reduced by the amount of a completion discount for the person;

(ii) one or more amounts have been paid in reduction of that debt;

(iii) one or more amounts have been assessed under section 48 to be payable in respect of that debt;

the amount (if any) remaining after deducting from that debt any amounts referred to in subparagraphs (i) , (ii) and (iii) .

47(2)    
A reference in paragraph (1)(b) of this section to an amount assessed to be payable is, if the amount has been increased or reduced by an amendment of the relevant assessment, a reference to the increased amount or the reduced amount.