Australian Apprenticeship Support Loans Act 2014

CHAPTER 3 - Loan repayments  

PART 3.2 - DISCHARGING DEBTS  

Division 4 - Compulsory discharge  

Subdivision AA - Liability of overseas debtors to repay amounts  

SECTION 47A   LIABILITY OF OVERSEAS DEBTORS TO REPAY AMOUNTS  

47A(1)    
If:

(a)    a person is a foreign resident during an income year; and

(b)    the person ' s assessed worldwide income for the income year exceeds the minimum repayment income for the income year; and

(c)    

on 1 June immediately preceding the making of an assessment in respect of the person ' s income of that income year, the person had an accumulated AASL debt;

the person is liable to pay to the Commonwealth, in accordance with this Division, a levy of the amount worked out under subsection (2) .

Note:

An amount a person is liable to pay under this section is imposed as a levy under the Student Loans (Overseas Debtors Repayment Levy) Act 2015 .

47A(2)    
The amount of levy that a person is liable to pay under this section, in respect of an income year, is an amount equal to the difference between:

(a)    the amount that the person would have been liable to pay under section 46 if:

(i) the person had a repayment income for the income year of an amount equal to the person ' s assessed worldwide income for the income year; and

(ii) subsection 46(3) did not apply to the person; and

(b)    the amount (if any) the person is liable to pay under section 46 , in respect of the income year.