Budget Savings (Omnibus) Act 2016 (55 of 2016)

Schedule 12   Interest charge

Part 1   Amendments

Student Assistance Act 1973

42   Section 38

Insert:

relevant debt means:

(a) an amount paid under the ABSTUDY Scheme (also known as the Aboriginal Study Assistance Scheme) that should not have been paid; or

(b) an amount paid under the Assistance for Isolated Children Scheme that should not have been paid; or

(c) an ABSTUDY student start-up loan overpayment.

Note: The amount in paragraph (a) or (b) is a debt under paragraph (a) of the definition of debt in this section. The amount in paragraph (c) is a debt under paragraph (aa) of the definition of debt in this section.