Student Assistance Act 1973

Part 2 - ABSTUDY student start-up loans  

Division 5 - Discharge of indebtedness  

Subdivision C - Compulsory discharge of indebtedness  

SECTION 10F   LIABILITY TO REPAY AMOUNTS  

10F(1)  


If:


(a) a person ' s HELP repayment income for an income year exceeds the minimum HELP repayment income for the income year; and


(b) on 1 June immediately preceding the making of an assessment in respect of the person ' s income of that income year, the person had an accumulated ABSTUDY SSL debt;

the person is liable to pay to the Commonwealth, in accordance with this Subdivision, so much of the person ' s repayable ABSTUDY SSL debt for the income year as does not exceed the amount worked out by the formula:


Applicable percentage of HELP repayment income - Relevant income-contingent loans liability

where:

applicable percentage of HELP repayment income
means the amount that is the percentage of the person ' s HELP repayment income applicable under the table in section 154-20 of the Higher Education Support Act 2003 .

relevant income-contingent loans liability
means the amount that is the sum of the following:


(a) the sum of any amounts the person is liable to pay under section 154-1 or 154-16 of the Higher Education Support Act 2003 in respect of the income year;


(aa) the sum of any amounts the person is liable to pay under section 23EA or 23EC of the VET Student Loans Act 2016 in respect of the income year;


(b) the sum of any amounts the person is liable to pay under section 1061ZZEZ of the Social Security Act 1991 , or section 12ZK of this Act, in respect of the income year;


(c) any amount the person is liable to pay under section 1061ZVHA of the Social Security Act 1991 in respect of the income year.

10F(2)  
A person is not liable under this section to pay an amount for an income year if the amount worked out under subsection (1) is zero or less.

10F(3)  
A person is not liable under this section to pay an amount for an income year if, under section 8 of the Medicare Levy Act 1986 :


(a) no Medicare levy is payable by the person on the person ' s taxable income for the income year; or


(b) the amount of the Medicare levy payable by the person on the person ' s taxable income for the income year is reduced.


 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.