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

Schedule 2   Fairer repayment system

Part 1   Amendments

Australian Apprenticeship Support Loans Act 2014

1   Subsection 46(1)

Omit "so much of the person's repayable AASL debt for the income year as does not exceed the amount worked out by the formula", substitute "the amount worked out using the following formula in reduction of the person's repayable AASL debt".