Higher Education Support Act 2003

Chapter 3 - Assistance to students  

PART 3-6 - HELP BALANCES  

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History

Pt 3-6 inserted by No 76 of 2018, s 3 and Sch 3 item 54, effective 1 January 2020. For application and transitional provisions, see note under Div 97 heading.

SECTION 128-25   Re-crediting HELP balance - discharge of HELP debt etc.  

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128-25(1)    
If, during:

(a)    the financial year starting on 1 July 2019; or

(b)    a later financial year;

a payment was made in discharge of the whole or a part of a debt that a person owes to the Commonwealth under Chapter 4 , the *Commissioner must:

(c)    notify the payment to the Secretary; and

(d)    do so as soon as practicable after the end of that financial year.

Note 1:

The payment may be a voluntary repayment.

Note 2:

The payment may be in the form of the application of an amount against the debt.

128-25(2)    
If the Secretary is so notified, the Secretary must re-credit the person ' s *HELP balance with an amount equal to the amount of the payment.

128-25(3)    

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If, under section 142-15 or 144-10 , the *Secretary determines, during a financial year, that an amount is to be reduced from a person ' s *accumulated HELP debt, the Secretary must re-credit the person ' s *HELP balance with an amount equal to the amount reduced as soon as practicable after the end of that financial year.

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History

S 128-25(3) amended by No 3 of 2023, s 3 and Sch 2 item 1, by inserting " or 144-10 " , effective 21 February 2023. For application, saving and transitional provisions, see note under Div 144 heading.

S 128-25(3) inserted by No 103 of 2019, s 3 and Sch 2 item 1, effective 1 January 2020.

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History

S 128-25 inserted by No 76 of 2018, s 3 and Sch 3 item 54, effective 1 January 2020. For application and transitional provisions, see note under Div 97 heading.

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