Higher Education Support Act 2003
[ CCH Note: Subdiv 104-B heading will be substituted by No 76 of 2018, s 3 and Sch 3 item 8, effective 1 January 2020. For application and transitional provisions, see note under Div 97 heading. The heading will read:
Subdivision 104-B - Re-crediting HELP balances in relation to FEE-HELP assistance
A person ' s FEE-HELP balance at a particular time is:
(a) if the *FEE-HELP limit in relation to the person at the time exceeds the sum of all of the amounts of *FEE-HELP assistance, *VET FEE-HELP assistance and *VET student loans that have previously been payable to the person, being that sum as reduced by any amounts previously re-credited under this Subdivision, Subdivision 7-B of Schedule 1A or Part 6 of the VET Student Loans Act 2016 - that excess; and
(b) otherwise - zero.
If an amount is to be re-credited to a FEE-HELP balance, the balance that is to be re-credited is worked out immediately before that re-crediting. The balance is worked out after the re-crediting by taking account of the amount re-credited. If a person ' s FEE-HELP limit has been reduced, the balance might not increase, or might not increase by the same amount as the amount re-credited.
To avoid doubt, the sum referred to in paragraph (1)(a) includes amounts of *FEE-HELP assistance, *VET FEE-HELP assistance and *VET student loans that have been repaid.
[ CCH Note: S 104-15 will be repealed by No 76 of 2018, s 3 and Sch 3 item 9, effective 1 January 2020. For application and transitional provisions, see note under Div 97 heading.]
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