Labor 2013-14 Budget Savings (Measures No. 2) Act 2015 (169 of 2015)

Schedule 1   Student start-up loans

Part 1   Amendments

Social Security (Administration) Act 1999

36   After section 47DA

Insert:

47DB Student start-up loans

(1) If a person is qualified for a student start-up loan for a qualification period:

(a) the loan becomes payable to the person on the day the Secretary determines the person's claim for the loan; and

(b) the Secretary must pay the amount of the loan to the person as soon as reasonably practicable after that day.

(2) Despite subsection (1), if:

(a) a person is qualified for a student start-up loan for a qualification period because the person is receiving youth allowance; and

(b) the whole or a part of the person's instalment of youth allowance is paid to a parent of the person, under section 45 of this Act, in respect of a period that includes the day the Secretary determines the person's claim for the loan;

the Secretary may pay the whole, or the same proportion, of the person's loan to that parent or to any other person.