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

Schedule 2   Fairer repayment system

Part 1   Amendments

Student Assistance Act 1973

19   Subsection 10F(1)

Omit "so much of the person's repayable ABSTUDY SSL 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 ABSTUDY SSL debt".