S 129-1 amended by No 3 of 2023, s 3 and Sch 2 item 2, by substituting
"
Accumulated HELP debt, or the indexation of that debt, may be reduced for certain HELP debtors working in rural, remote or very remote areas (see Divisions 142 and 144).
"
for
"
A very remote HELP debtor
'
s accumulated debt, or the indexation of that debt, may be reduced (see Division 142).
"
, effective 21 February 2023. For application, saving and transitional provisions, see note under Div
144
heading.
S 129-1 amended by No 103 of 2019, s 3 and Sch 2 item 2, by inserting
"
A very remote HELP debtor
'
s accumulated debt, or the indexation of that debt, may be reduced (see Division 142).
"
, effective 1 January 2020.
S 129-1 amended by No 116 of 2018, s 3 and Sch 1 items 1 and 2, by inserting
"
(before 1 July 2019) under
"
and inserting the note, effective 1 July 2019.
S 129-1 amended by No 100 of 2016, s 3 and Sch 1 item 4, by inserting
"
or the
VET Student Loans Act 2016
"
, effective 1 January 2017. For transitional provision, see note under s
137-19
.
S 129-1 amended by No 169 of 2015, s 3 and Sch 4 item 1, by omitting
"
(which may attract a repayment bonus)
"
after
"
make voluntary repayments
"
, applicable in relation to a voluntary repayment made on or after 1 January 2017, regardless of when the debt to which the repayment relates was incurred.
S 129-1 substituted by No 170 of 2007, s 3 and Sch 1 item 9, effective 1 January 2008. S 129-1 formerly read:
SECTION 129-1 What this Chapter is about
129-1
Loans that the Commonwealth makes to students under Chapter 3 are repayable under this Chapter.
Each loan is incorporated into the person
'
s accumulated HELP debt (see Part 4-1).
Under Part 4-2, the accumulated debts can be repaid in 2 ways:
•
a person may make voluntary repayments (which may attract a repayment bonus); or
•
compulsory repayments (based on a person
'
s income) are made using the system for payment of income tax.
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