Higher Education Support Act 2003

Chapter 4 - Repayment of loans  

PART 4-1 - INDEBTEDNESS  

Division 140 - How are accumulated HELP debts worked out?  

Subdivision 140-C - Accumulated HELP debts  

SECTION 140-35   Accumulated HELP debt discharges earlier debts  

140-35(1)    
The ^" accumulated HELP debt that a person incurs on 1 June in a financial year discharges, or discharges the unpaid part of:

(a)    any * HELP debt that the person incurred during the calendar year immediately preceding that day; and

(b)    any accumulated HELP debt that the person incurred on the immediately preceding 1 June.

140-35(2)    

Nothing in subsection (1) affects the application of Division 137 , Subdivision 140-B or section 140-25 or 140-26 .