1061ZZESA
CurrentReduction in accumulated FS debt on 1 June 2025
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
1061ZZESA Reduction in accumulated FS debt on 1 June 2025
For the purposes of working out the accumulated FS debt incurred by a person on 1 June 2025, section 1061ZZER has effect as if the formula in subsection (2) of that section were omitted and substituted with the following:
Start formula open square bracket open round bracket Adjusted accumulated FS debt times 0.8 close round bracket times Indexation factor close square bracket plus Later FS debts end formula
This Act’s bill:Second reading speech
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