Australian Apprenticeship Support Loans Act 2014
View history note
Hide history noteA person ' s accumulated AASL debt , for a financial year, is worked out as follows:
| Former accumulated AASL debt | + | AASL debts incurred | − | Completion discount | − | AASL debt repayments |
where:
AASL debt repayments
is the sum of all of the voluntary AASL repayments (if any) paid, on or after 1 July in the financial year and before 1 June in that year, in reduction of the AASL debts incurred in that year.
AASL debts incurred
is the sum of the amounts of all of the AASL debts (if any) that the person incurred during the first 6 months of the financial year.
completion discount
means any completion discount for the person notified by the Secretary to the Commissioner under section
40
on or after 1 July in the financial year and before 1 June in that year.
former accumulated AASL debt
is the person
'
s former accumulated AASL debt in relation to that accumulated AASL debt.
former accumulated TSL debt
(Repealed by No 61 of 2023)
TSL debt repayments
(Repealed by No 61 of 2023)
TSL debts incurred
(Repealed by No 61 of 2023)
35(2)
The person incurs the accumulated AASL debt on 1 June in the financial year.
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