Higher Education Support (Transitional Provisions and Consequential Amendments) Act 2003 (150 of 2003)

Schedule 2   Amendments

Part 3   Discontinuance of provisions of the Higher Education Funding Act 1988

Higher Education Funding Act 1988

18   After subsection 106N(2)

Insert:

(2A) A person cannot incur an accumulated HEC debt on 1 June 2006 or on 1 June in any later year.

Note: A person's accumulated HELP debt, worked out under section 140-25 of the Higher Education Support Act 2003, for the financial year starting on 1 July 2005 can include an amount for the person's accumulated HEC debt incurred on 1 June 2005: see Part 3 of Schedule 1 to the Higher Education Support (Transitional Provisions and Consequential Amendments) Act 2003.