After subsection 106N(2)

In force

Insert:

(2A)

A person cannot incur an accumulated HEC debt on 1 June 2006 or on 1 June in any later year.

Note:

A person's accumulated HELP debt, worked out under section 140‑25 of the Higher Education Support Act 2003, for the financial year starting on 1 July 2005 can include an amount for the person's accumulated HEC debt incurred on 1 June 2005: see Part 3 of Schedule 1 to the Higher Education Support (Transitional Provisions and Consequential Amendments) Act 2003.

This Act’s bill:Explanatory memorandum Second reading speech

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18 After subsection 106N(2)