Higher Education Support Amendment (2008 Budget Measures) Act 2008 (43 of 2008)

Schedule 1   HECS-HELP benefit

Higher Education Support Act 2003

5   Section 148-1 (second paragraph)

Repeal the paragraph, substitute:

The person is required to make repayments, of amounts based on his or her income, if that income is above a particular amount. The Commissioner of Taxation makes assessments of repayment amounts, which are collected in the same way as amounts of income tax.

Repayment amounts may be reduced by the HECS-HELP benefit. To receive the benefit, a person must satisfy eligibility requirements and apply for it. The Commissioner determines whether a person is eligible for the benefit, and if so, the amount of the benefit.