STUDENT ASSISTANCE ACT 1973

Part 4A - Financial Supplement for Tertiary Students  

Division 6 - Indebtedness existing after termination date  

Subdivision C - Requirement to discharge indebtedness  

SECTION 12ZLB   REPAYABLE DEBT FOR AN INCOME YEAR  

12ZLB(1)  
A person's repayable debt for an income year is:


(a) the person's accumulated FS debt referred to in paragraph 12ZK(1)(b) in relation to that income year; or


(b) if one or more amounts:


(i) have been paid in reduction of that debt; or

(ii) have been assessed under section 12ZM to be payable in respect of that debt;
the amount (if any) remaining after deducting from that debt the amount, or sum of the amounts, so paid or assessed to be payable.

12ZLB(2)  
A reference in paragraph (1)(b) to an amount assessed to be payable is, if the amount has been increased or reduced by an amendment of the relevant assessment, a reference to the increased amount or the reduced amount.




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