Universities Accord (Student Support and Other Measures) Act 2024 (108 of 2024)

Schedule 1   HELP indexation

Part 5   Application of amendments made by Parts 1 and 3 of this Schedule

Division 1   Amendment of the Higher Education Support Act 2003

56   Application of amendments of the Higher Education Support Act 2003

(1) The amendments of the Higher Education Support Act 2003 made by Part 1 of this Schedule apply for the purposes of working out a person's *accumulated HELP debt and a person's *former accumulated HELP debt for the financial year ending on 30 June 2023 and each subsequent financial year.

(2) For the purposes of applying subitem (1) to the financial years ending on 30 June 2023 and 30 June 2024, a person's *accumulated HELP debt and a person's *former accumulated HELP debt are to be recalculated.

(3) The transitional rules under Schedule 6 may specify how a recalculation under subitem (2) is to occur.