Australian Apprenticeship Support Loans Act 2014

CHAPTER 3 - Loan repayments  

PART 3.2 - DISCHARGING DEBTS  

Division 2 - Completion discount  

SECTION 40   COMPLETION DISCOUNT  

40(1)    
If a designated State/Territory training authority notifies the Secretary that a person has successfully completed a qualifying apprenticeship, the Secretary must give the Commissioner a notice specifying the discount (the completion discount ) determined for the person in accordance with subsection (2) .

40(2)    

The person ' s completion discount is the amount equal to 20 % of the total amount of instalments of Australian apprenticeship support loan that were paid to the person in relation to instalment periods that ended:

(a)    before the person ceased to be undertaking the qualifying apprenticeship; and

(b)    if a notice under subsection (1) has previously been given in respect of an earlier qualifying apprenticeship undertaken by the person - after the person completed the earlier qualifying apprenticeship.

40(3)    
The rules may prescribe any of the following as a designated State/Territory training authority :

(a)    a State;

(b)    a Territory;

(c)    an authority of a State or Territory.