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

Schedule 1   Student start-up loans

Part 1   Amendments

Taxation Administration Act 1953

97   Section 45-375 in Schedule 1 (method statement, after step 3)

Insert:

Step 3AA. The amount (if any) that you would have been liable to pay for the variation year in respect of an *accumulated SSL debt if your taxable income for that year had been your *adjusted assessed taxable income for that year is worked out.

Step 3AB. The amount (if any) that you would have been liable to pay for the variation year in respect of an *accumulated ABSTUDY SSL debt if your taxable income for that year had been your *adjusted assessed taxable income for that year is worked out.