Australian Apprenticeship Support Loans Act 2014
Australian apprenticeship support loan that is paid to a person must be repaid. Once the person ' s income exceeds the minimum repayment income under the Higher Education Support Act 2003 and the person has finished repaying any debt under that Act and certain other income-contingent loan schemes, the person must start repaying debt in relation to Australian apprenticeship support loan.
If the person successfully completes a qualifying apprenticeship, the person ' s debts will be partially discharged by an amount called the completion discount. The completion discount is 20 % of the total amount of instalments of Australian apprenticeship support loan that were paid to the person.
As well as the completion discount, the person ' s debt is discharged by:
The Commissioner makes assessments of compulsory repayments, which are collected in the same way as amounts of income tax.
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