Universities Accord (Cutting Student Debt by 20 Per Cent) Act 2025 (30 of 2025)

Schedule 1   Debt reduction

Part 1   Amendments

Higher Education Support Act 2003

18   At the end of the Division 97

Add:

97-55 Re-crediting a person's HELP balance in relation to HECS-HELP debts incurred on or before 1 June 2025

If:

(a) section 97-25, 97-27, 97-42, 97-45 or 97-50 applies to re-credit a person's *HELP balance in relation to the amounts of *HECS-HELP assistance that the person received for a *unit of study; and

(b) on or before 1 June 2025, the person incurred a *HECS-HELP debt relating to the unit of study;

then, despite anything in that section, the amount to be re-credited to the person's HELP balance under that section is an amount equal to 80% of the amounts of HECS-HELP assistance that the person received for the unit of study.