Labor 2013-14 Budget Savings (Measures No. 2) Act 2015 (169 of 2015)

Schedule 1   Student start-up loans

Part 1   Amendments

Trade Support Loans Act 2014

110   Subsection 46(1)

Omit all the words after "the formula:", substitute:

where:

applicable percentage of repayment income means the amount that is the percentage of the person's repayment income applicable under the table in section 154-20 of the Higher Education Support Act 2003.

relevant income-contingent loans liability means the amount that is the sum of the following:

(a) the sum of any amounts the person is liable to pay under section 154-1 or 154-16 of the Higher Education Support Act 2003 for the income year in respect of an accumulated HELP debt;

(b) any amount the person is liable to pay under section 1061ZVHA of the Social Security Act 1991 for the income year in respect of an accumulated SSL debt;

(c) any amount the person is liable to pay under section 10F of the Student Assistance Act 1973 in respect of an accumulated ABSTUDY SSL debt.