Education and Other Legislation Amendment (VET Student Loan Debt Separation) Act 2018 (116 of 2018)

Schedule 1   Separation of VET student loan debts from HELP debts

Part 2   Consequential and contingent amendments

Taxation (Interest on Overpayments and Early Payments) Act 1983

66   After subparagraph 8E(2)(d)(iii)

Insert:

(iiiaa) a compulsory VETSL repayment amount, worked out by reference to the person's taxable income of the year of income, payable by the person immediately before the post-notice crediting;