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

33   After section 137-19

Insert:

137-19A Reduction in HELP debts incurred between 1 January and 1 June 2025

(1) This section applies if, under a section of this Division, a person incurs a *HELP debt during the period beginning on 1 January 2025 and ending on 1 June 2025.

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