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
56 After section 1061ZZES
Insert:
1061ZZESA Reduction in accumulated FS debt on 1 June 2025
For the purposes of working out the accumulated FS debt incurred by a person on 1 June 2025, section 1061ZZER has effect as if the formula in subsection (2) of that section were omitted and substituted with the following:
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