Trade Support Loans Act 2014
A person ' s accumulated TSL debt , for a financial year, is worked out as follows:
|Former accumulated TSL debt||+||TSL debts incurred||-||Completion discount||-||TSL debt repayments|
means any completion discount for the person notified by the Secretary to the Commissioner under section 40 on or after 1 July in the financial year and before 1 June in that year.
TSL debt repayments
is the sum of all of the voluntary TSL repayments (if any) paid, on or after 1 July in the financial year and before 1 June in that year, in reduction of the TSL debts incurred in that year.
The person incurs the accumulated TSL debt on 1 June in the financial year.