Higher Education Support Act 2003

Chapter 4 - Repayment of loans  

PART 4-1 - INDEBTEDNESS  

Division 137 - How do HELP debts arise?  

SECTION 137-15   OS-HELP debts  
Incurring OS-HELP debts

137-15(1)    
A person incurs a debt to the Commonwealth if, under section 124-1 , the Commonwealth makes a loan to the person. The debt is an OS-HELP debt .

Note:

For a student who is entitled to a supplementary amount for Asian language study, see subsections 124-1(2A) and (2B) .

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History

S 137-15(1) amended by No 112 of 2013, s 3 and Sch 1 item 20, by inserting the note at the end, effective 30 June 2013. For application provisions see note under s 121-1 .

137-15(2)    

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The amount of the *OS-HELP debt is an amount equal to the amount of the loan.

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History

S 137-15(2) substituted by No 86 of 2009, s 3 and Sch 6 item 1, applicable in relation to OS-HELP debts incurred on or after 1 January 2010. S 137-15(2) formerly read:

137-15(2)
The amount of the *OS-HELP debt is an amount equal to 120% of the amount of the loan.

When OS-HELP debts are incurred

137-15(3)    
The *OS-HELP debt is taken to have been incurred on the day on which a higher education provider, on the Commonwealth ' s behalf, paid the amount lent to the person.

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