Higher Education Support Act 2003

Chapter 4 - Repayment of loans

Division 129 - Introduction

SECTION 129-1 What this Chapter is about

Loans that the Commonwealth makes to students under Chapter 3 are repayable under this Chapter. Loans that the Commonwealth makes to students under Schedule 1A or (before 1 July 2019) under the VET Student Loans Act 2016 are also 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; or

• compulsory repayments (based on a person ' s income) are made using the system for payment of income tax.

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 ).

Note:

Loans that the Commonwealth makes to students under the VET Student Loans Act 2016 on or after 1 July 2019 are repayable under that Act.

View history note

History

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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