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

Schedule 1   Debt reduction

Part 1   Amendments

Student Assistance Act 1973

64   After section 12ZF

Insert:

12ZFA 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 12ZF has effect as if the formula in subsection (3) of that section were omitted and substituted with the following: