Australian Apprenticeship Support Loans Act 2014

CHAPTER 2 - Loan PAYMENTS  

PART 2.1 - QUALIFICATION AND PAYABILITY  

SECTION 10   PAYABILITY  

10(1)    

Australian apprenticeship support loan is payable to a person, in relation to an instalment period of the person, if:

(a)    

the person is qualified for Australian apprenticeship support loan on the final day of the instalment period; and

(b)    the person was undertaking a qualifying apprenticeship for the whole of the instalment period; and

(c)    

the person made an application for Australian apprenticeship support loan:

(i) on or before that final day; or

(ii) if the Secretary allows a later day for the person - on or before that later day.

10(1A)    

The Secretary may allow a later day under subparagraph (1)(c)(ii) only in the circumstances prescribed by the rules.

10(2)    
An instalment period of a person is a period:

(a)    starting or ending on a day determined for the person in accordance with the rules; and

(b)    of the duration prescribed by the rules.

10(3)    

The duration prescribed by the rules for the purposes of paragraph (2)(b) must be a duration specified in column 1 of the table. For the purposes of working out the amount of an instalment of Australian apprenticeship support loan for an instalment period under section 23 , the divisor for each duration is specified in column 2.

Duration of prescribed instalment periods
Item	Column 1	Column 2
	The duration may be …	The divisor for that duration is …
1	a week	52
2	a fortnight	26
3	a month	12
4	3 months	4
5	6 months	2
6	a year	1