Student Assistance Act 1973

Part 4A - Financial Supplement for Tertiary Students  

Division 2 - Applications for financial supplement  

SECTION 12H   EFFECT OF FINANCIAL SUPPLEMENT ON CERTAIN OTHER BENEFITS  

12H(1)    
The payment of financial supplement to a person will, as mentioned in subsection 12A(2) , reduce the person's entitlement to certain other benefits under the ABSTUDY scheme in accordance with subsection (2).

12H(2)    
If:

(a) apart from this section a person would be entitled to a prescribed benefit under the ABSTUDY scheme in respect of a year or a part of a year; and

(b) an application by the person to a participating corporation for financial supplement in respect of that year or that part of that year is accepted by the corporation in accordance with section 12K ;

the benefit referred to in paragraph (a) is reduced by an amount equal to one-half of the amount of the financial supplement paid to the person.

12H(3)    
If, apart from this subsection, the amount by which a benefit would be reduced by subsection (2) is an amount of dollars and cents and the cents include a half of one cent, the amount is increased by a half of one cent.