Universities Accord (Cutting Student Debt by 20 Per Cent) Act 2025 (30 of 2025)

Schedule 1   Debt reduction

Part 1   Amendments

Australian Apprenticeship Support Loans Act 2014

3   After section 27

Insert:

27A Reduction in AASL debts incurred between 1 January and 1 June 2025

(1) This section applies if a person incurs an AASL debt during the period beginning on 1 January 2025 and ending on 1 June 2025.

Note: Certain AASL debts are taken to have been incurred on 1 June 2025 (see paragraph 27(1A)(b)).

(2) For the purposes of this Act, and despite anything in section 27, the amount of the AASL debt is the amount worked out under that section reduced by 20%.