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

Schedule 1   Debt reduction

Part 1   Amendments

Higher Education Support Act 2003

30   At the end of Subdivision 104-B

Add:

104-44A Re-crediting a person's HELP balance in relation to FEE-HELP debts incurred on or before 1 June 2025

If:

(a) section 104-25, 104-27, 104-42, 104-43 or 104-44 applies to re-credit a person's *HELP balance in relation to the amounts of *FEE-HELP assistance that the person received for a *unit of study; and

(b) on or before 1 June 2025, the person incurred a *FEE-HELP debt relating to the unit of study;

then, despite anything in that section, the amount to be re-credited to the person's HELP balance under that section is an amount equal to 80% of the amounts of FEE-HELP assistance that the person received for the unit of study.