Student Assistance Act 1973

Part 4A - Financial Supplement for Tertiary Students  

Division 6 - Indebtedness existing after termination date  

Subdivision E - Miscellaneous  

SECTION 12ZS  

12ZS   APPLICATION OF PAYMENTS  
An amount paid by a person in respect of the person's indebtedness to the Commonwealth under this Division is to be applied in accordance with the direction of the person or, in the absence of such a direction or to the extent that the direction does not adequately deal with the matter:


(a) first, in discharge or reduction of any FS assessment debts of the person; and


(b) secondly, in discharge or reduction of any accumulated FS debt of the person.




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