Student Assistance Legislation Amendment Act 2006 (47 of 2006)

Schedule 2   Amendments relating to the Student Assistance Act 1973

Part 3   Amendments concerning repayment of accumulated FS debt

Division 1   Main amendments

Taxation Administration Act 1953

27   Preservation of existing repayment rules

If, at any time before the commencement of the amendments of the Student Assistance Act 1973 made by items 12 to 26 of this Schedule:

(a) a person had an accumulated FS debt; and

(b) the person was, by virtue of the application of the provisions of that Act as in force at that time, under an obligation to make a payment in reduction of that debt in respect of an income year before the income year 2006-07;

the provisions of that Act as so in force continue to apply in respect of the payments required to be made in reduction of that debt in respect of that income year as if those items had never been enacted.