Australian Apprenticeship Support Loans Act 2014
Australian apprenticeship support loan is payable to a person, in relation to an instalment period of the person, if: (a) the person is qualified for Australian apprenticeship support loan on the final day of the instalment period; and (b) the person was undertaking a qualifying apprenticeship for the whole of the instalment period; and (c) the person made an application for Australian apprenticeship support loan:
(i) on or before that final day; or
(ii) if the Secretary allows a later day for the person - on or before that later day.
View history note
Hide history note10(1A)
The Secretary may allow a later day under subparagraph (1)(c)(ii) only in the circumstances prescribed by the rules.
10(2)
An instalment period of a person is a period: (a) starting or ending on a day determined for the person in accordance with the rules; and (b) of the duration prescribed by the rules.
10(3)
The duration prescribed by the rules for the purposes of paragraph (2)(b) must be a duration specified in column 1 of the table. For the purposes of working out the amount of an instalment of Australian apprenticeship support loan for an instalment period under section 23 , the divisor for each duration is specified in column 2.
| Duration of prescribed instalment periods | ||
| Item | Column 1 | Column 2 |
| The duration may be … | The divisor for that duration is … | |
| 1 | a week | 52 |
| 2 | a fortnight | 26 |
| 3 | a month | 12 |
| 4 | 3 months | 4 |
| 5 | 6 months | 2 |
| 6 | a year | 1 |
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