Universities Accord (Student Support and Other Measures) Act 2024 (108 of 2024)

Schedule 1   HELP indexation

Part 5   Application of amendments made by Parts 1 and 3 of this Schedule

Division 5   Amendment of the VET Student Loans Act 2016

68   Application of amendment of the VET Student Loans Act 2016

(1) The amendment of the VET Student Loans Act 2016 made by Part 3 of this Schedule applies for the purposes of working out a person's accumulated VETSL debt and a person's former accumulated VETSL debt for the financial year ending on 30 June 2023 and each subsequent financial year.

(2) For the purposes of applying subitem (1) to the financial years ending on 30 June 2023 and 30 June 2024, a person's accumulated VETSL debt and a person's former accumulated VETSL debt are to be recalculated.

(3) The transitional rules under Schedule 6 may specify how a recalculation under subitem (2) is to occur.