Education and Other Legislation Amendment (VET Student Loan Debt Separation) Act 2018 (116 of 2018)

Schedule 1   Separation of VET student loan debts from HELP debts

Part 2   Consequential and contingent amendments

Student Assistance Act 1973

43   Section 10A

Omit:

The person is required to make repayments, of amounts based on his or her income, if that income is above a particular amount and if the person has repaid the person's accumulated HELP debts arising under the Higher Education Support Act 2003 and accumulated SSL debts arising under Chapter 2AA of the Social Security Act 1991. The Commissioner makes assessments of repayment amounts, which are collected in the same way as amounts of income tax and those other income-contingent loan debts.

substitute:

The person is required to make repayments 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 amount of the repayments is based on the person's income.

The Commissioner makes assessments of repayment amounts, which are collected in the same way as amounts of income tax.