Student Assistance Act 1973

Part 2 - ABSTUDY student start-up loans  

Division 4 - Indebtedness: working out accumulated ABSTUDY SSL debts  

SECTION 9CA   REDUCTION IN ABSTUDY SSL DEBTS INCURRED BEFORE 1 JANUARY 2025  

9CA(1)    
For the purposes of working out a person ' s former accumulated ABSTUDY SSL debt in relation to the person ' s accumulated ABSTUDY SSL debt for the financial year starting on 1 July 2024, section 9B has effect as if the method statement in subsection (1) of that section included the following step after step 6:

9CA(2)    
For the purposes of working out a person ' s accumulated ABSTUDY SSL debt for the financial year starting on 1 July 2024, section 9C has effect as if the formula in subsection (1) of that section were omitted and substituted with the following:

Former accumulated ABSTUDY SSL debt + [(ABSTUDY SSL debts incurred − ABSTUDY SSL debt repayments) × 0.8]