Payability
10 Payability
Australian apprenticeship support loan is payable to a person, in relation to an instalment period of the person, if:
the person is qualified for Australian apprenticeship support loan on the final day of the instalment period; and
the person was undertaking a qualifying apprenticeship for the whole of the instalment period; and
the person made an application for Australian apprenticeship support loan:
on or before that final day; or
if the Secretary allows a later day for the person—on or before that later day.
The Secretary may allow a later day under subparagraph (1)(c)(ii) only in the circumstances prescribed by the rules.
An instalment period of a person is a period:
starting or ending on a day determined for the person in accordance with the rules; and
of the duration prescribed by the rules.
The duration prescribed by the rules for the purposes of paragraph (2)(b) must be a duration specified in column 1 of the table. For the purposes of working out the amount of an instalment of Australian apprenticeship support loan for an instalment period under section 23, the divisor for each duration is specified in column 2.
Duration of prescribed instalment periods | ||
|---|---|---|
Item | Column 1 | Column 2 |
1 | a week | 52 |
2 | a fortnight | 26 |
3 | a month | 12 |
4 | 3 months | 4 |
5 | 6 months | 2 |
6 | a year | 1 |
This Act’s bill:Explanatory memorandumSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.