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

Schedule 1   Debt reduction

Part 1   Amendments

Social Security Act 1991

50   After section 1061ZVDA

Insert:

1061ZVDAA Reduction in SSL debts incurred between 1 January and 1 June 2025

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

(2) For the purposes of this Act, and despite subsection 1061ZVDA(3), the amount of the SSL debt is the amount worked out under that subsection reduced by 20%.