11
In forceTaking account of voluntary payments made under the Higher Education Funding Act 1988 on or after 1 June 2005
11 Taking account of voluntary payments made under the Higher Education Funding Act 1988 on or after 1 June 2005
If:
(a)
on or after 1 June 2005, a person makes a payment to the Commissioner under Division 1 of Part 5A.3 of the Higher Education Funding Act 1988; and
(b)
the payment would, but for subsection 106N(2A) of that Act, be used in working out the person's accumulated HEC debt incurred on 1 June in a particular financial year;
in working out, under section 140‑25 of the Higher Education Support Act 2003, a person's accumulated HELP debt for the financial year, add the amount to the amount of the sum referred to in step 3 of the method statement in section 140‑5 of that Act.
This Act’s bill:Explanatory memorandumSecond reading speech
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