Higher Education Support Act 2003

Schedule 1A - VET FEE-HELP Assistance Scheme  

Note:

See section 6-1 .

PART 2 - VET FEE-HELP assistance  

Division 7 - Who is entitled to VET FEE-HELP assistance  

Subdivision 7-B - Re-crediting HELP balances in relation to VET FEE-HELP assistance  

SECTION 46B   Re-crediting a person ' s HELP balance in relation to VET FEE-HELP assistance - VET FEE-HELP account in deficit at the end of a calendar year  

Main case

46B(1)    

A *VET provider must, on the *Secretary ' s behalf, re-credit a student ' s *HELP balance with an amount if:

(a) the student receives *VET FEE-HELP assistance in a calendar year for a *VET unit of study undertaken with the VET provider; and

(b) under subclause 45E(1) , the Secretary notifies the VET provider that the VET provider ' s *VET FEE-HELP account was in deficit at the end of the calendar year; and

(c) the VET provider reasonably believes that some or all of that assistance caused or contributed to the deficit.

46B(2)    
The amount to be re-credited is equal to so much of that assistance as the *VET provider reasonably believes caused or contributed to the deficit.

Note:

A corresponding amount of the student ' s VET FEE-HELP debt relating to the unit will be remitted (see section 137-18 ).

46B(3)    

The *Secretary may re-credit the student ' s *HELP balance under this subclause if:

(a) the *VET provider is unable to do so under subclauses (1) and (2); and

(b) the Secretary knows how much of that assistance that the VET provider reasonably believes caused or contributed to the deficit.

If not all of the deficit can be re-credited under subclauses (1) and (3)

46B(4)    

If the deficit exceeds the total amount able to be re-credited under subclauses (1) and (3) for all of the *VET provider ' s students who received *VET FEE-HELP assistance in the calendar year for *VET units of study undertaken with the VET provider, the *Secretary may re-credit the *HELP balance of each of those students with the amount equal to:

That excess × Student ' s percentage of the total assistance

where:

student ' s percentage of the total assistance
means the percentage equal to the percentage that the student ' s *VET FEE-HELP assistance referred to in paragraph (1)(a) is of the total VET FEE-HELP assistance received by students of the *VET provider in the calendar year for *VET units of study undertaken with the VET provider.