VET Student Payment Arrangements (Miscellaneous Amendments) Act 2021 (17 of 2021)

Schedule 1   Amendments

Part 1   Amendments commencing day after Royal Assent

VET Student Loans Act 2016

8   Division 1 of Part 6

Repeal the Division, substitute:

Division 1 - General

67 When HELP balance may be re-credited

A student's HELP balance may be re-credited under this Part only if an amount of a VET student loan has been used to pay tuition fees for the student for a course, or a part of a course.

Note 1: If the student's HELP balance cannot be re-credited under this Part because of this provision, the Secretary may decide not to pay the loan amount for the student for the course: see section 20.

Note 2: If a student's HELP balance is re-credited under Division 2 or 3 of this Part, the student's VETSL debt is taken to be remitted to the extent to which the debt relates to the loan amount concerned: see section 23BA. (For remission of debts incurred before 1 July 2019, see section 137-19 of the Higher Education Support Act 2003).