S 104-15 repealed by No 76 of 2018, s 3 and Sch 3 item 9, effective 1 January 2020. For application and transitional provisions, see note under Div
97
heading. S 104-15 formerly read:
SECTION 104-15 A person
'
s FEE-HELP balance
104-15(1)
A person
'
s
FEE-HELP balance
at a particular time is:
(a)
if the *FEE-HELP limit in relation to the person at the time exceeds the sum of all of the amounts of *FEE-HELP assistance, *VET FEE-HELP assistance and *VET student loans that have previously been payable to the person, being that sum as reduced by any amounts previously re-credited under this Subdivision, Subdivision 7-B of Schedule 1A or Part 6 of the
VET Student Loans Act 2016
-
that excess; and
(b)
otherwise
-
zero.
Note:
If an amount is to be re-credited to a FEE-HELP balance, the balance that is to be re-credited is worked out immediately before that re-crediting. The balance is worked out after the re-crediting by taking account of the amount re-credited. If a person
'
s FEE-HELP limit has been reduced, the balance might not increase, or might not increase by the same amount as the amount re-credited.
History
S 104-15(1) amended by No 100 of 2016, s 3 and Sch 1 items 1 and 2, by substituting
"
, *VET FEE-HELP assistance and *VET student loans
"
for
"
and *VET FEE-HELP assistance
"
and
"
, Subdivision 7-B of Schedule 1A or Part 6 of the
VET Student Loans Act 2016
"
for
"
or Subdivision 7-B of Schedule 1A
"
in para (a), effective 1 January 2017. For transitional provision, see note under s
137-19
.
104-15(2)
To avoid doubt, the sum referred to in paragraph (1)(a) includes amounts of *FEE-HELP assistance, *VET FEE-HELP assistance and *VET student loans that have been repaid.
History
S 104-15(2) amended by No 100 of 2016, s 3 and Sch 1 item 3, by substituting
"
, *VET FEE-HELP assistance and *VET student loans
"
for
"
and *VET FEE-HELP assistance
"
, effective 1 January 2017. For transitional provision, see note under s
137-19
.
S 104-15 substituted by No 170 of 2007, s 3 and Sch 1 item 7, effective 1 January 2008. S 104-15 formerly read:
SECTION 104-15 A person
'
s FEE-HELP balance
104-15(1)
A person
'
s
FEE-HELP balance
at a particular time is:
(a)
if the *FEE-HELP limit in relation to the person at the time exceeds the sum of all of the amounts of *FEE-HELP assistance that have previously been payable to the person, being that sum as reduced by any amounts previously re-credited under this Subdivision
-
that excess; and
(b)
otherwise
-
zero.
Note:
If an amount is to be re-credited to a FEE-HELP balance, the balance that is to be re-credited is worked out immediately before that re-crediting. The balance is worked out after the re-crediting by taking account of the amount re-credited. If a person
'
s FEE-HELP limit has been reduced, the balance might not increase, or might not increase by the same amount as the amount re-credited.
History
S 104-15(1) substituted by No 121 of 2006, s 3 and Sch 2 item 1, effective 1 January 2007. S 104-15(1) formerly read:
104-15(1)
A person
'
s
FEE-HELP balance
at a particular time is:
(a)
if the *FEE-HELP limit is greater than the sum of all of the amounts of *FEE-HELP assistance that have previously been payable to the person
-
the difference between the *FEE-HELP limit and that sum; and
(b)
otherwise
-
zero.
104-15(2)
To avoid doubt, the sum referred to in paragraph (1)(a) includes amounts of *FEE-HELP assistance that have been repaid.
View history note
Hide history note