Student Assistance Act 1973

Part 2 - ABSTUDY student start-up loans  

Division 5 - Discharge of indebtedness  

Subdivision B - Voluntary discharge of indebtedness  

SECTION 10D   APPLICATION OF VOLUNTARY ABSTUDY SSL REPAYMENTS  

10D(1)    
Any money a person pays under this Subdivision to meet the person ' s debts to the Commonwealth under this Part is to be applied in payment of those debts as the person directs at the time of the payment.

10D(2)    
If the person has not given any directions, or the directions given do not adequately deal with the matter, any money available is to be applied as follows:

(a) first, in discharge or reduction of any accumulated ABSTUDY SSL debt of the person;

(b) second, in discharge or reduction of:

(i) any ABSTUDY SSL debt of the person; or

(ii) if there is more than one such debt, those debts in the order in which they were incurred.