Higher Education Support Amendment (Extending FEE-HELP for VET Diploma, Advanced Diploma, Graduate Diploma and Graduate Certificate Courses) Act 2007 (170 of 2007)

Schedule 1   Higher Education Support Act 2003

7   Section 104-15

Repeal the section, substitute:

104-15 A person's FEE-HELP balance

(1) A person's FEE-HELP balance at a particular time is:

(a) if the *FEE-HELP limit in relation to the person at the time exceeds the sum of all of the amounts of *FEE-HELP assistance and *VET FEE-HELP assistance that have previously been payable to the person, being that sum as reduced by any amounts previously re-credited under this Subdivision or Subdivision 7-B of Schedule 1A - that excess; and

(b) otherwise - zero.

Note: If an amount is to be re-credited to a FEE-HELP balance, the balance that is to be re-credited is worked out immediately before that re-crediting. The balance is worked out after the re-crediting by taking account of the amount re-credited. If a person's FEE-HELP limit has been reduced, the balance might not increase, or might not increase by the same amount as the amount re-credited.

(2) To avoid doubt, the sum referred to in paragraph (1)(a) includes amounts of *FEE-HELP assistance and *VET FEE-HELP assistance that have been repaid.