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

79   After subsection 72A(2)

Insert:

(2A) If:

(a) this section applies to re-credit a student's HELP balance in relation to a loan amount that has been used to pay tuition fees for the student for an affected part; and

(b) on or before 1 June 2025, the person incurred a VETSL debt relating to the loan amount;

then the amount to be re-credited to the student's HELP balance under this section is an amount equal to 80% of the loan amount.