Student Assistance Act 1973

If the Secretary decides that a student who is a party to a financial supplement contract with a participating corporation ceased to be an eligible student during the year or the part of the year to which the contract relates, the Secretary must give written notice to the student and to the corporation stating that the student ceased to be an eligible student and stating the date on which the student so ceased.

If notice is so given to the corporation, then, unless the decision of the Secretary under subsection (1) is set aside or varied:

as from the time when the notice was given to the corporation, the corporation is discharged from liability to make further payments to the student under the contract; but

if, despite paragraph (a), the corporation makes any payments to the student after that time, any amounts so paid after the end of 4 weeks after the notice was given to the corporation:

are taken not to be payments of financial supplement made under the contract; and

are repayable by the student to the corporation; and

may be recovered by the corporation as a debt due to it by the student.

This section has effect subject to section 12ZX.