Australian Apprenticeship Support Loans Act 2014
A person ' s repayable AASL debt for an income year is: (a) the person ' s accumulated AASL debt referred to in paragraph 46(1)(b) in relation to that income year; or (b) if any or all of the following apply:
(i) that debt has been reduced by the amount of a completion discount for the person;
(ii) one or more amounts have been paid in reduction of that debt;
(iii) one or more amounts have been assessed under section 48 to be payable in respect of that debt;
the amount (if any) remaining after deducting from that debt any amounts referred to in subparagraphs (i) , (ii) and (iii) .
View history note
Hide history note47(2)
A reference in paragraph (1)(b) of this section to an amount assessed to be payable is, if the amount has been increased or reduced by an amendment of the relevant assessment, a reference to the increased amount or the reduced amount.
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