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.  

Payment made in discharge of HELP debt

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.

Reduction in certain HELP debts etc.

128-25(2A)    

If an amount is reduced from:

(a)    a person ' s * HELP debt because of the operation of section 137-19A ; or

(b)    a person ' s   * accumulated HELP debt or   * former accumulated HELP debt because of the operation of section 140-26 ;

the * Commissioner must notify the amount reduced to the * Secretary as soon as practicable.

128-25(2B)    

If the   * Secretary is so notified, the Secretary must re-credit the person ' s   * HELP balance with an amount equal to the amount reduced.

Reduction in accumulated HELP debt - special measures for location-preferred HELP debtors

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.