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

56   After section 1061ZZES

Insert:

1061ZZESA Reduction in accumulated FS debt on 1 June 2025

For the purposes of working out the accumulated FS debt incurred by a person on 1 June 2025, section 1061ZZER has effect as if the formula in subsection (2) of that section were omitted and substituted with the following: