Education and Other Legislation Amendment (VET Student Loan Debt Separation) Act 2018 (116 of 2018)

Schedule 1   Separation of VET student loan debts from HELP debts

Part 2   Consequential and contingent amendments

Taxation Administration Act 1953

55   Section 45-340 in Schedule 1 (method statement, after step 3)

Insert:

Step 3AAA. The amount (if any) that you would have been liable to pay for the *base year in respect of an *accumulated VETSL debt if your taxable income for the base year had been your *adjusted taxable income, or your *adjusted withholding income, for that year is worked out.