Budget Savings (Omnibus) Act 2016 (55 of 2016)

Schedule 12   Interest charge

Part 2   Application, saving and transitional provisions

49   Application, saving and transitional provisions - student assistance amendments

(1) Sections 40 to 41G of the Student Assistance Act 1973, as amended by this Act, apply in relation to:

(a) a relevant debt that arises on or after the commencement of this item; and

(b) a relevant debt that arose before the commencement of this item, to the extent that the debt was outstanding immediately before that commencement.

(2) The repeal of section 39A of the Student Assistance Act 1973 made by this Schedule does not affect the validity of a decision under subsection 39A(1) of that Act before the commencement of this item.

(3) A decision made under subsection 39A(1) of the Student Assistance Act 1973 before the commencement of this item in relation to a person and a debt does not prevent the application of the provisions of Division 2 of Part 6 of that Act, as amended by this Act, on and after that commencement in relation to the person and the debt.