Higher Education Support Act 2003

Chapter 4 - Repayment of loans  

PART 4-1 - INDEBTEDNESS  

Division 137 - How do HELP debts arise?  

SECTION 137-18   VET FEE-HELP debts  

Incurring VET FEE-HELP debts

137-18(1)  
A person incurs a debt to the Commonwealth if, under clause 55 of Schedule 1A , the Commonwealth:


(a) makes a loan to the person; and


(b) uses the amount lent to make a payment in discharge of the person ' s liability to pay his or her *VET tuition fee for a *VET unit of study. The debt is a VET FEE-HELP debt .

137-18(2)  


The amount of the *VET FEE-HELP debt is:


(a) 120% of the loan; or


(b) if the *VET Guidelines specify a lesser percentage of the loan for the person - that lesser percentage of the loan.

Note:

For specification by class, see subsection 13(3) of the Legislation Act 2003 .

When VET FEE-HELP debts are incurred

137-18(3)  
A *VET FEE-HELP debt is taken to have been incurred by a person immediately after the *census date for the unit, whether or not the Commonwealth has made a payment in respect of the person ' s *VET tuition fee for the unit. Remission of VET FEE-HELP debts

137-18(4)  


A person ' s *VET FEE-HELP debt in relation to a *VET unit of study is taken to be remitted if the person ' s *HELP balance is re-credited under clause 46 , 46A , 46AA , 47 or 51 of Schedule 1A in relation to the unit.
Note:

The debt is taken to be remitted even if the person ' s HELP balance is not increased by an amount equal to the amount re-credited.

137-18(5)  


A person ' s *VET FEE-HELP debt in relation to a *VET unit of study is taken to be remitted to the extent that the person ' s *HELP balance is re-credited under clause 46B of Schedule 1A in relation to the unit.

 

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