VET Student Loans Act 2016
There are 2 stages to working out a person ' s accumulated VETSL debt for a financial year.
In stage 1, the person ' s former accumulated VETSL debt is worked out. This is done by adjusting the preceding financial year ' s accumulated VETSL debt to take account of:
In stage 2, the person ' s accumulated VETSL debt is worked out from:
Note:
Incurring that financial year ' s accumulated VETSL debt discharges the previous accumulated VETSL debt and VETSL debts: see section 23CE .
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