Education Legislation Amendment (2019 Measures No. 1) Act 2019 (103 of 2019)

Schedule 2   HELP debt arrangements for very remote HELP debtors

Part 1   Amendments

Higher Education Support Act 2003

6   Subsection 140-10(1)

Omit all the words before the method statement, substitute:

(1) The HELP debt indexation factor for a person for 1 June in a financial year is the number (rounded to 3 decimal places):

(a) if the *Secretary has determined, under section 142-10, that the indexation of the person's *accumulated HELP debt for the financial year is to be reduced - worked out using the formula in subsection (1A); and

(b) in any other case - worked out as follows: