Student Assistance Act 1973
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.
Hide history note
View history noteS 12H amended by No 45 of 1998 and inserted by No 138 of 1992.
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