Higher Education Support Act 2003

Chapter 4 - Repayment of loans  

PART 4-2 - DISCHARGE OF INDEBTEDNESS  

Division 154 - How is indebtedness compulsorily discharged?  

Subdivision 154-B - Amounts payable to the Commonwealth  

SECTION 154-20   154-20   Amounts payable to the Commonwealth  


The amount that a person is liable to pay under section 154-1 , in respect of an *income year, is an amount equal to so much of the person ' s *repayable debt for the income year as does not exceed the percentage of the person ' s *repayment income that is applicable under the following table:


Applicable percentages
Item If the person ' s repayment income is: The percentage
applicable is:
1 More than the *minimum repayment income, but less than:
(a) for the 2018-19 *income year - $57,730; or
(b) for a later income year - that amount indexed under section 154-25.
2%
2 More than the amount under item 1, but less than:
(a) for the 2018-19 *income year - $64,307; or
(b) for a later income year - that amount indexed under section 154-25.
4%
3 More than the amount under item 2, but less than:
(a) for the 2018-19 *income year - $70,882; or
(b) for a later income year - that amount indexed under section 154-25.
4.5%
4 More than the amount under item 3, but less than:
(a) for the 2018-19 *income year - $74,608; or
(b) for a later income year - that amount indexed under section 154-25.
5%
5 More than the amount under item 4, but less than:
(a) for the 2018-19 *income year - $80,198; or
(b) for a later income year - that amount indexed under section 154-25.
5.5%
6 More than the amount under item 5, but less than:
(a) for the 2018-19 *income year - $86,856; or
(b) for a later income year - that amount indexed under section 154-25.
6%
7 More than the amount under item 6, but less than:
(a) for the 2018-19 *income year - $91,426; or
(b) for a later income year - that amount indexed under section 154-25.
6.5%
8 More than the amount under item 7, but less than:
(a) for the 2018-19 *income year - $100,614; or
(b) for a later income year - that amount indexed under section 154-25.
7%
9 More than the amount under item 8, but less than:
(a) for the 2018-19 *income year - $107,214; or
(b) for a later income year - that amount indexed under section 154-25.
7.5%
10 More than the amount under item 9. 8%




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