Higher Education Support Act 2003

Chapter 3 - Assistance to students  

PART 3-6 - HELP BALANCES  

SECTION 128-25   Re-crediting HELP balance - discharge of HELP debt etc.  

128-25(1)    
If, during:

(a)    the financial year starting on 1 July 2019; or

(b)    a later financial year;

a payment was made in discharge of the whole or a part of a debt that a person owes to the Commonwealth under Chapter 4 , the *Commissioner must:

(c)    notify the payment to the Secretary; and

(d)    do so as soon as practicable after the end of that financial year.

Note 1:

The payment may be a voluntary repayment.

Note 2:

The payment may be in the form of the application of an amount against the debt.


128-25(2)    
If the Secretary is so notified, the Secretary must re-credit the person ' s *HELP balance with an amount equal to the amount of the payment.

128-25(3)    


If, under section 142-15 or 144-10 , the *Secretary determines, during a financial year, that an amount is to be reduced from a person ' s *accumulated HELP debt, the Secretary must re-credit the person ' s *HELP balance with an amount equal to the amount reduced as soon as practicable after the end of that financial year.

This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.