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

Schedule 1   Debt reduction

Part 1   Amendments

VET Student Loans Act 2016

67   After subsection 23BA(3)

Insert:

(3A) For the purposes of subsection (3), the relevant day is:

(a) unless paragraph (b) applies - the day the Secretary pays the loan amount; or

(b) if subsection (3B) applies to the loan amount - 1 June 2025.

(3B) This subsection applies to a loan amount if:

(a) the loan amount should have been paid on or before 1 June 2025 but was paid after 1 June 2025 as a result of an administrative error; or

(b) the loan amount:

(i) was paid during the period of 6 months beginning immediately after 1 June 2025; and

(ii) was used to pay tuition fees for a course, or a part of a course, for which the census day was on or before 1 June 2025.