Higher Education Support Act 2003
Chapter 4
-
Repayment of loans
PART 4-1
-
INDEBTEDNESS
Division 140
-
How are accumulated HELP debts worked out?
Subdivision 140-C
-
Accumulated HELP debts
SECTION 140-35
Accumulated HELP debt discharges earlier debts
140-35(1)
The " accumulated HELP debt that a person incurs on 1 June in a financial year discharges, or discharges the unpaid part of:
(a) any *HELP debt that the person incurred during the calendar year immediately preceding that day; and
(b) any accumulated HELP debt that the person incurred on the immediately preceding 1 June.
140-35(2)
Nothing in subsection (1) affects the application of Division 137 , Subdivision 140-B or section 140-25 .
The " accumulated HELP debt that a person incurs on 1 June in a financial year discharges, or discharges the unpaid part of:
(a) any *HELP debt that the person incurred during the calendar year immediately preceding that day; and
(b) any accumulated HELP debt that the person incurred on the immediately preceding 1 June.
140-35(2)
Nothing in subsection (1) affects the application of Division 137 , Subdivision 140-B or section 140-25 .
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.