Australian Apprenticeship Support Loans Act 2014

There are 2 stages to working out a person ' s accumulated AASL debt for a financial year.

In stage 1, the person ' s former accumulated AASL debt is worked out by adjusting the preceding financial year ' s accumulated AASL debt to take account of:

(a) indexation using the AASL debt indexation factor; and

(b) the debts that the person incurs during the last 6 months of the preceding financial year; and

(c) any completion discount for the person; and

(d) voluntary AASL repayments of the debt; and

(e) compulsory AASL repayment amounts in respect of the debt.

In stage 2, the person ' s accumulated AASL debt is worked out from:

(a) the person ' s former accumulated AASL debt; and

(b) the AASL debts that the person incurs during the first 6 months of the financial year; and

(c) any completion discount for the person; and

(d) voluntary AASL repayments of the debt.