Higher Education Support Act 2003

Chapter 4 - Repayment of loans  

PART 4-2 - DISCHARGE OF INDEBTEDNESS  

Division 154 - How is indebtedness compulsorily discharged?  

Subdivision 154-B - Amounts payable to the Commonwealth  

SECTION 154-20   154-20   Amounts payable to the Commonwealth  


The amount that a person is liable to pay under section 154-1 , in respect of an *income year, is an amount equal to so much of the person ' s *repayable debt for the income year as does not exceed the percentage of the person ' s *repayment income that is applicable under the following table:


Applicable percentages
Item If the person ' s repayment income is: The percentage
applicable is:
1 More than the *minimum repayment income, but less than:
(a) for the 2019-20 *income year - $52,974; or
(b) for a later income year - that amount indexed under section 154-25.
1%
2 More than or equal to the amount under item 1, but less than:
(a) for the 2019-20 *income year - $56,152; or
(b) for a later income year - that amount indexed under section 154-25.
2%
3 More than or equal to the amount under item 2, but less than:
(a) for the 2019-20 *income year - $59,522; or
(b) for a later income year - that amount indexed under section 154-25.
2.5%
4 More than or equal to the amount under item 3, but less than:
(a) for the 2019-20 *income year - $63,093; or
(b) for a later income year - that amount indexed under section 154-25.
3%
5 More than or equal to the amount under item 4, but less than:
(a) for the 2019-20 *income year - $66,878; or
(b) for a later income year - that amount indexed under section 154-25.
3.5%
6 More than or equal to the amount under item 5, but less than:
(a) for the 2019-20 *income year - $70,891; or
(b) for a later income year - that amount indexed under section 154-25.
4%
7 More than or equal to the amount under item 6, but less than:
(a) for the 2019-20 *income year - $75,145; or
(b) for a later income year - that amount indexed under section 154-25.
4.5%
8 More than or equal to the amount under item 7, but less than:
(a) for the 2019-20 *income year - $79,653; or
(b) for a later income year - that amount indexed under section 154-25.
5%
9 More than or equal to the amount under item 8, but less than:
(a) for the 2019-20 *income year - $84,433; or
(b) for a later income year - that amount indexed under section 154-25.
5.5%
10 More than or equal to the amount under item 9, but less than:
(a) for the 2019-20 *income year - $89,499; or
(b) for a later income year - that amount indexed under section 154-25.
6%
11 More than or equal to the amount under item 10, but less than:
(a) for the 2019-20 *income year - $94,869; or
(b) for a later income year - that amount indexed under section 154-25.
6.5%
12 More than or equal to the amount under item 11, but less than:
(a) for the 2019-20 *income year - $100,561; or
(b) for a later income year - that amount indexed under section 154-25.
7%
13 More than or equal to the amount under item 12, but less than:
(a) for the 2019-20 *income year - $106,594; or
(b) for a later income year - that amount indexed under section 154-25.
7.5%
14 More than or equal to the amount under item 13, but less than:
(a) for the 2019-20 *income year - $112,990; or
(b) for a later income year - that amount indexed under section 154-25.
8%
15 More than or equal to the amount under item 14, but less than:
(a) for the 2019-20 *income year - $119,770; or
(b) for a later income year - that amount indexed under section 154-25.
8.5%
16 More than or equal to the amount under item 15, but less than:
(a) for the 2019-20 *income year - $126,956; or
(b) for a later income year - that amount indexed under section 154-25.
9%
17 More than or equal to the amount under item 16, but less than:
(a) for the 2019-20 *income year - $134,573; or
(b) for a later income year - that amount indexed under section 154-25.
9.5%
18 More than or equal to the amount under item 17. 10%




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