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 154-32  

154-32   Amounts payable to the Commonwealth by overseas debtors  

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The amount of levy that a person is liable to pay under section 154-16 , in respect of an *income year, is an amount equal to the difference between:

(a) the amount that the person would have been liable to pay under section 154-1 if:

(i) the person had a *repayment income for the income year of an amount equal to the person ' s *assessed worldwide income for the income year; and

(ii) subsection 154-1(2) did not apply to the person; and

(b) the amount (if any) the person is liable to pay under section 154-1 , in respect of the income year.

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History

S 154-32 inserted by No 154 of 2015, s 3 and Sch 1 item 3, applicable in relation to the 2016-17 income year and later income years.

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