s 10
In forceConversion of accumulated HEC debts into accumulated HELP debts
10 Conversion of accumulated HEC debts into accumulated HELP debts
(1)
In working out, under section 140‑25 of the Higher Education Support Act 2003, a person's accumulated HELP debt for the financial year starting on 1 July 2005, if a person incurs an accumulated HEC debt on 1 June 2005, add the debt to the amount under step 1 of the method statement in section 140‑5 of that Act.
(2)
The accumulated HELP debt that a person incurs on 1 June 2006 discharges, or discharges the unpaid part of, any accumulated HEC debt that the person incurred on 1 June 2005.
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