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

Schedule 2   Fairer repayment system

Part 1   Amendments

VET Student Loans Act 2016

29   Subsection 23EA(1)

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