Higher Education Support Act 2003

Chapter 4 - Repayment of loans

PART 4-2 - DISCHARGE OF INDEBTEDNESS

Division 154 - How is indebtedness compulsorily discharged?

Subdivision 154-B - Amounts payable to the Commonwealth

SECTION 154-20

154-20 Amounts payable to the Commonwealth

The amount that a person is liable to pay under section 154-1 , in respect of an *income year, is an amount equal to so much of the person ' s *repayable debt for the income year as does not exceed the percentage of the person ' s *repayment income that is applicable under the following table:

Applicable percentages
Item	If the person ' s repayment income is:	The percentage applicable is:
1	More than the minimum repayment income, but less than: (a) for the 2019-20 income year - $52,974; or (b) for a later income year - that amount indexed under section 154-25.	1%
2	More than or equal to the amount under item 1, but less than: (a) for the 2019-20 *income year - $56,152; or (b) for a later income year - that amount indexed under section 154-25.	2%
3	More than or equal to the amount under item 2, but less than: (a) for the 2019-20 *income year - $59,522; or (b) for a later income year - that amount indexed under section 154-25.	2.5%
4	More than or equal to the amount under item 3, but less than: (a) for the 2019-20 *income year - $63,093; or (b) for a later income year - that amount indexed under section 154-25.	3%
5	More than or equal to the amount under item 4, but less than: (a) for the 2019-20 *income year - $66,878; or (b) for a later income year - that amount indexed under section 154-25.	3.5%
6	More than or equal to the amount under item 5, but less than: (a) for the 2019-20 *income year - $70,891; or (b) for a later income year - that amount indexed under section 154-25.	4%
7	More than or equal to the amount under item 6, but less than: (a) for the 2019-20 *income year - $75,145; or (b) for a later income year - that amount indexed under section 154-25.	4.5%
8	More than or equal to the amount under item 7, but less than: (a) for the 2019-20 *income year - $79,653; or (b) for a later income year - that amount indexed under section 154-25.	5%
9	More than or equal to the amount under item 8, but less than: (a) for the 2019-20 *income year - $84,433; or (b) for a later income year - that amount indexed under section 154-25.	5.5%
10	More than or equal to the amount under item 9, but less than: (a) for the 2019-20 *income year - $89,499; or (b) for a later income year - that amount indexed under section 154-25.	6%
11	More than or equal to the amount under item 10, but less than: (a) for the 2019-20 *income year - $94,869; or (b) for a later income year - that amount indexed under section 154-25.	6.5%
12	More than or equal to the amount under item 11, but less than: (a) for the 2019-20 *income year - $100,561; or (b) for a later income year - that amount indexed under section 154-25.	7%
13	More than or equal to the amount under item 12, but less than: (a) for the 2019-20 *income year - $106,594; or (b) for a later income year - that amount indexed under section 154-25.	7.5%
14	More than or equal to the amount under item 13, but less than: (a) for the 2019-20 *income year - $112,990; or (b) for a later income year - that amount indexed under section 154-25.	8%
15	More than or equal to the amount under item 14, but less than: (a) for the 2019-20 *income year - $119,770; or (b) for a later income year - that amount indexed under section 154-25.	8.5%
16	More than or equal to the amount under item 15, but less than: (a) for the 2019-20 *income year - $126,956; or (b) for a later income year - that amount indexed under section 154-25.	9%
17	More than or equal to the amount under item 16, but less than: (a) for the 2019-20 *income year - $134,573; or (b) for a later income year - that amount indexed under section 154-25.	9.5%
18	More than or equal to the amount under item 17.	10%

View history note

History

S 154-20 amended by No 76 of 2018, s 3 and Sch 1 item 2, by substituting the table, effective 1 July 2019 and applicable in relation to the 2019-20 income year and later income years. The table formerly read:

Applicable percentages

Item If the person ' s repayment income is: The percentage
applicable is:

1 More than the *minimum repayment income, but less than:
(a) for the 2018-19 *income year - $57,730; or
(b) for a later income year - that amount indexed under section 154-25. 2%

2 More than the amount under item 1, but less than:
(a) for the 2018-19 *income year - $64,307; or
(b) for a later income year - that amount indexed under section 154-25. 4%

3 More than the amount under item 2, but less than:
(a) for the 2018-19 *income year - $70,882; or
(b) for a later income year - that amount indexed under section 154-25. 4.5%

4 More than the amount under item 3, but less than:
(a) for the 2018-19 *income year - $74,608; or
(b) for a later income year - that amount indexed under section 154-25. 5%

5 More than the amount under item 4, but less than:
(a) for the 2018-19 *income year - $80,198; or
(b) for a later income year - that amount indexed under section 154-25. 5.5%

6 More than the amount under item 5, but less than:
(a) for the 2018-19 *income year - $86,856; or
(b) for a later income year - that amount indexed under section 154-25. 6%

7 More than the amount under item 6, but less than:
(a) for the 2018-19 *income year - $91,426; or
(b) for a later income year - that amount indexed under section 154-25. 6.5%

8 More than the amount under item 7, but less than:
(a) for the 2018-19 *income year - $100,614; or
(b) for a later income year - that amount indexed under section 154-25. 7%

9 More than the amount under item 8, but less than:
(a) for the 2018-19 *income year - $107,214; or
(b) for a later income year - that amount indexed under section 154-25. 7.5%

10 More than the amount under item 9. 8%

S 154-20 amended by No 55 of 2016, s 3 and Sch 1 item 2, by substituting the table, applicable in relation to income years commencing on and after 1 July 2018. The table formerly read:

Applicable percentages

Item If the person ' s repayment income is: The percentage
applicable is:

1 More than the *minimum repayment income, but less than:
(a) for the 2005-06 *income year - $40,307; or
(b) for a later income year - that amount indexed under section 154-25. 4%

2 More than the amount under item 1, but less than:
(a) for the 2005-06 *income year - $44,428; or
(b) for a later income year - that amount indexed under section 154-25. 4.5%

3 More than the amount under item 2, but less than:
(a) for the 2005-06 *income year - $46,763; or
(b) for a later income year - that amount indexed under section 154-25. 5%

4 More than the amount under item 3, but less than:
(a) for the 2005-06 *income year - $50,267; or
(b) for a later income year - that amount indexed under section 154-25. 5.5%

5 More than the amount under item 4, but less than:
(a) for the 2005-06 *income year - $54,440; or
(b) for a later income year - that amount indexed under section 154-25. 6%

6 More than the amount under item 5, but less than:
(a) for the 2005-06 *income year - $57,305; or
(b) for a later income year - that amount indexed under section 154-25. 6.5%

7 More than the amount under item 6, but less than:
(a) for the 2005-06 *income year - $63,063; or
(b) for a later income year - that amount indexed under section 154-25. 7%

8 More than the amount under item 7, but less than:
(a) for the 2005-06 *income year - $67,200; or
(b) for a later income year - that amount indexed under section 154-25. 7.5%

9 More than the amount under item 8. 8%

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.