9
In forceLifetime limit
Chapter 2Loan payments
Part 2.1Qualification and payability
9 Lifetime limit
If, on a day, the sum of the instalments of Australian apprenticeship support loan:
(a)
that have been paid to the person; and
(b)
that are to be paid to the person in relation to an instalment period of the person in accordance with section 23;
totals the lifetime limit, then:
(c)
the person ceases to be qualified for Australian apprenticeship support loan immediately after that day; and
(d)
the person cannot again qualify for Australian apprenticeship support loan (even if the lifetime limit is increased after that day).
This Act’s bill:Explanatory memorandumSecond reading speech
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