VET Student Loans Act 2016

PART 3A - VETSL DEBTS  

Division 5 - Compulsory discharge of debt  

Subdivision A - Compulsory repayments  

SECTION 23EB   REPAYABLE VETSL DEBT FOR AN INCOME YEAR  

23EB(1)    
A person ' s repayable VETSL debt for an income year is:

(a) the person ' s accumulated VETSL debt referred to in paragraph 23EA(1)(b) in relation to that income year; or

(b) if one or more amounts:

(i) have been paid in reduction of that debt; or

(ii) have been assessed under section 23EE to be payable in respect of that debt;

the amount (if any) remaining after deducting from that debt the amount, or sum of the amounts, so paid or assessed to be payable.

23EB(2)    
A reference in paragraph (1)(b) 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.