1061ZZEP
In forceHow to work out FS debt
Volume 3Chapter 2AA, Part 2AA.1 to Chapter 3, Part 3.12 (sections 1061ZVAA to 1157)
Chapter 2BStudent Financial Supplement Scheme
Part 2B.3Repayment of financial supplement through taxation system after termination date
Division 2FS debt and accumulated FS debt
1061ZZEP How to work out FS debt
(1)
The FS debt is worked out using the formula:
Start formula Amount outstanding times Indexation factor end formula
(2)
In subsection (1):
amount outstanding means the amount outstanding under the contract at the termination date.
indexation factor means the factor worked out under section 1061ZZET.
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