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

32   After subsection 128-25(2)

Insert:

Reduction in certain HELP debts etc.

(2A) If an amount is reduced from:

(a) a person's *HELP debt because of the operation of section 137-19A; or

(b) a person's *accumulated HELP debt or *former accumulated HELP debt because of the operation of section 140-26;

the *Commissioner must notify the amount reduced to the *Secretary as soon as practicable.

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

Reduction in accumulated HELP debt - special measures for location-preferred HELP debtors