Repayable ABSTUDY SSL debt for an income year
10G Repayable ABSTUDY SSL debt for an income year
A person’s repayable ABSTUDY SSL debt for an income year is:
the person’s accumulated ABSTUDY SSL debt referred to in paragraph 10F(1)(b) in relation to that income year; or
if one or more amounts:
have been paid in reduction of that debt; or
have been assessed under section 10H to be payable in respect of that debt;
the amount (if any) remaining after deducting from that debt any amounts referred to in subparagraph (i) or (ii).
A reference in paragraph (1)(b) of this section to an amount assessed to be payable is, if the amount has been increased or reduced by an amendment of the relevant assessment, a reference to the increased amount or the reduced amount.
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