Higher Education Support Act 2003
Chapter 4
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Repayment of loans
PART 4-2
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DISCHARGE OF INDEBTEDNESS
Division 154
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How is indebtedness compulsorily discharged?
Subdivision 154-B
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Amounts payable to the Commonwealth
SECTION 154-20
154-20
Amounts payable to the Commonwealth
The amount that a person is liable to pay under section 154-1 , in respect of an *income year, is an amount equal to so much of the person ' s *repayable debt for the income year as does not exceed the percentage of the person ' s *repayment income that is applicable under the following table:
The amount that a person is liable to pay under section 154-1 , in respect of an *income year, is an amount equal to so much of the person ' s *repayable debt for the income year as does not exceed the percentage of the person ' s *repayment income that is applicable under the following table:
| Applicable percentages | ||
| Item | If the person ' s repayment income is: |
The percentage
applicable is: |
| 1 | More than the *minimum repayment income, but less than:
(a) for the 2019-20 *income year - $52,974; or (b) for a later income year - that amount indexed under section 154-25. |
1% |
| 2 | More than or equal to the amount under item 1, but less than:
(a) for the 2019-20 *income year - $56,152; or (b) for a later income year - that amount indexed under section 154-25. |
2% |
| 3 | More than or equal to the amount under item 2, but less than:
(a) for the 2019-20 *income year - $59,522; or (b) for a later income year - that amount indexed under section 154-25. |
2.5% |
| 4 | More than or equal to the amount under item 3, but less than:
(a) for the 2019-20 *income year - $63,093; or (b) for a later income year - that amount indexed under section 154-25. |
3% |
| 5 | More than or equal to the amount under item 4, but less than:
(a) for the 2019-20 *income year - $66,878; or (b) for a later income year - that amount indexed under section 154-25. |
3.5% |
| 6 | More than or equal to the amount under item 5, but less than:
(a) for the 2019-20 *income year - $70,891; or (b) for a later income year - that amount indexed under section 154-25. |
4% |
| 7 | More than or equal to the amount under item 6, but less than:
(a) for the 2019-20 *income year - $75,145; or (b) for a later income year - that amount indexed under section 154-25. |
4.5% |
| 8 | More than or equal to the amount under item 7, but less than:
(a) for the 2019-20 *income year - $79,653; or (b) for a later income year - that amount indexed under section 154-25. |
5% |
| 9 | More than or equal to the amount under item 8, but less than:
(a) for the 2019-20 *income year - $84,433; or (b) for a later income year - that amount indexed under section 154-25. |
5.5% |
| 10 | More than or equal to the amount under item 9, but less than:
(a) for the 2019-20 *income year - $89,499; or (b) for a later income year - that amount indexed under section 154-25. |
6% |
| 11 | More than or equal to the amount under item 10, but less than:
(a) for the 2019-20 *income year - $94,869; or (b) for a later income year - that amount indexed under section 154-25. |
6.5% |
| 12 | More than or equal to the amount under item 11, but less than:
(a) for the 2019-20 *income year - $100,561; or (b) for a later income year - that amount indexed under section 154-25. |
7% |
| 13 | More than or equal to the amount under item 12, but less than:
(a) for the 2019-20 *income year - $106,594; or (b) for a later income year - that amount indexed under section 154-25. |
7.5% |
| 14 | More than or equal to the amount under item 13, but less than:
(a) for the 2019-20 *income year - $112,990; or (b) for a later income year - that amount indexed under section 154-25. |
8% |
| 15 | More than or equal to the amount under item 14, but less than:
(a) for the 2019-20 *income year - $119,770; or (b) for a later income year - that amount indexed under section 154-25. |
8.5% |
| 16 | More than or equal to the amount under item 15, but less than:
(a) for the 2019-20 *income year - $126,956; or (b) for a later income year - that amount indexed under section 154-25. |
9% |
| 17 | More than or equal to the amount under item 16, but less than:
(a) for the 2019-20 *income year - $134,573; or (b) for a later income year - that amount indexed under section 154-25. |
9.5% |
| 18 | More than or equal to the amount under item 17. | 10% |
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