Education Legislation Amendment (Startup Year and Other Measures) Act 2023 (36 of 2023)

Schedule 1   Startup year

Part 1   STARTUP-HELP assistance

Higher Education Support Act 2003

28   After section 137-16

Insert:

137-17 STARTUP-HELP debts

Incurring STARTUP-HELP debts

(1) A person incurs a debt to the Commonwealth if, under section 128D-1, the Commonwealth:

(a) makes a loan to the person; and

(b) uses the amount lent to make a payment in discharge of the person's liability to pay an *accelerator program course fee for an *accelerator program course.

The debt is a STARTUP-HELP debt .

(2) The amount of the *STARTUP-HELP debt is the amount of the loan.

When STARTUP-HELP debts are incurred

(3) A *STARTUP-HELP debt is taken to have been incurred by a person immediately after the *census date for the course, whether or not the Commonwealth has made a payment in respect of the person's *accelerator program course fee for the course.

Remission of STARTUP-HELP debts

(4) A person's *STARTUP-HELP debt in relation to an *accelerator program course is taken to be remitted if an amount of *STARTUP-HELP assistance that a person received for the course is *reversed under Division 128E.