Trade Support Loans Amendment Act 2023 (61 of 2023)

Schedule 1   Amendments

Part 1   General amendments

Trade Support Loans Act 2014

81   Subsection 35(1)

Insert:

AASL debt repayments is the sum of all of the voluntary AASL repayments (if any) paid, on or after 1 July in the financial year and before 1 June in that year, in reduction of the AASL debts incurred in that year.

AASL debts incurred is the sum of the amounts of all of the AASL debts (if any) that the person incurred during the first 6 months of the financial year.

former accumulated AASL debt is the person's former accumulated AASL debt in relation to that accumulated AASL debt.