Universities Accord (Cutting Student Debt by 20 Per Cent) Act 2025 (30 of 2025)
Schedule 1 Debt reduction
Part 1 Amendments
Social Security Act 1991
50 After section 1061ZVDA
Insert:
1061ZVDAA Reduction in SSL debts incurred between 1 January and 1 June 2025
(1) This section applies if a person incurs an SSL debt during the period beginning on 1 January 2025 and ending on 1 June 2025.
(2) For the purposes of this Act, and despite subsection 1061ZVDA(3), the amount of the SSL debt is the amount worked out under that subsection reduced by 20%.
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