Simplified outline of this Act
3 Simplified outline of this Act
Australian apprenticeship support loan is an income‑contingent loan. A person who receives Australian apprenticeship support loan must repay it, through the tax system, after the person’s income reaches a certain threshold.
Broadly, Australian apprenticeship support loan is available to apprentices undertaking certain kinds of apprenticeships. If a person makes an application and meets all the requirements, payments will be made regularly to the person.
When the person’s income reaches 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 person must start repaying Australian apprenticeship support loan debt.
This Act’s bill:Explanatory memorandumSecond reading speech
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