Australian Apprenticeship Support Loans Act 2014

CHAPTER 1 - INTRODUCTION  

PART 1.2 - INTERPRETATION  

SECTION 5  

5   DEFINITIONS  

In this Act:

AASL debt
means a debt incurred under section 27 .

AASL debt indexation factor
has the meaning given by section 32 .

accumulated AASL debt
has the meaning given by section 35 .

accumulated HELP debt
(Repealed by No 116 of 2018)

accumulated TSL debt
(Repealed by No 61 of 2023)

annual indexation factor
has the meaning given by subsection 99(4) .

approved form
has the meaning given by section 388-50 in Schedule 1 to the Taxation Administration Act 1953 .

assessed worldwide income
has the meaning given by section 47B .

Australian Apprenticeships Priority List
means the list determined under subsection 105(1) .

Australian apprenticeship support loan
means Australian apprenticeship support loan for which a person qualifies under Part 2.1 .

Australian resident
means a person who:

(a) resides in Australia; and

(b) is one of the following:

(i) an Australian citizen;

(ii) the holder of a permanent visa.

authorised review officer
means a person authorised under section 79 .

Commissioner
means the Commissioner of Taxation.

completion discount
has the meaning given by section 40 .

compulsory AASL repayment amount
means an amount that:

(a) is required to be paid in respect of an accumulated AASL debt under section 46 or 47A ; and

(b) is included in a notice of assessment made under section 48 .

compulsory TSL repayment amount
(Repealed by No 61 of 2023)

designated State/Territory training authority
has the meaning given by subsection 40(3) .

foreign resident
has the meaning given by subsection 995-1(1) of the Income Tax Assessment Act 1997 .

former accumulated AASL debt
has the meaning given by section 31 .

former accumulated TSL debt
(Repealed by No 61 of 2023)

holder
has the same meaning as in the Migration Act 1958 .

income tax
has the meaning given by subsection 995-1(1) of the Income Tax Assessment Act 1997 .

income tax law
has the meaning given by subsection 995-1(1) of the Income Tax Assessment Act 1997 .

income year
has the meaning given by subsection 995-1(1) of the Income Tax Assessment Act 1997 .

index number
has the meaning given by section 33 .

instalment period
has the meaning given by subsection 10(2) .

lifetime limit
means $ 20,000.

Note:

The lifetime limit is indexed on 1 July 2017 and each later 1 July in line with increases in the consumer price index (see section 99 ).

Medicare levy
means the Medicare levy imposed by the Medicare Levy Act 1986 .

minimum repayment income
has the same meaning as in the Higher Education Support Act 2003 .

officer
means a person engaged (whether as an employee or otherwise) by any of the following:

(a) an Agency (within the meaning of the Public Service Act 1999 );

(b) another authority of the Commonwealth;

(c) a person or organisation that performs services for the Commonwealth.

overpayment debt
has the meaning given by section 90 .

permanent visa
has the same meaning as in the Migration Act 1958 .

personal information
has the same meaning as in the Privacy Act 1988 .

qualifying apprenticeship
has the meaning given by subsection 8(2) .

quarter
means a period of 3 months ending on 31 March, 30 June, 30 September or 31 December.

relevant instalment period
has the meaning given by paragraph 16(1)(b) .

repayable AASL debt
has the meaning given by section 47 .

repayable TSL debt
(Repealed by No 61 of 2023)

repayment income
has the same meaning as in the Higher Education Support Act 2003 .

return
means an income tax return within the meaning of subsection 995-1(1) of the Income Tax Assessment Act 1997 .

reviewable Commissioner decision
has the meaning given by subsection 77(1) .

reviewable decision
has the meaning given by subsection 77(3) .

reviewable Secretary decision
has the meaning given by subsection 77(2) .

reviewer
has the meaning given by section 78 .

rules
means rules made under section 106 .

Secretary
means the Secretary of the Department.

taxable income
has the meaning given by section 4-15 of the Income Tax Assessment Act 1997 .

trade support loan
(Repealed by No 61 of 2023)

TSL debt
(Repealed by No 61 of 2023)

TSL debt indexation factor
(Repealed by No 61 of 2023)

TSL Priority List
(Repealed by No 61 of 2023)

undertaking
, in relation to a qualifying apprenticeship, has a meaning affected by subsection 8(3) .

voluntary AASL repayment
means a payment made to the Commissioner in discharge of an accumulated AASL debt or an AASL debt. It does not include a payment made in discharge of a compulsory AASL repayment amount.

voluntary TSL repayment
(Repealed by No 61 of 2023)

yearly rate
has the meaning given by subsection 24(1) .