Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If, during:
(a) the financial year starting on 1 July 2019; or
(b) a later financial year;
a payment was made in discharge of the whole or a part of a debt that a person owes to the Commonwealth under Chapter 4, the * Commissioner must:
(c) notify the payment to the Secretary; and
(d) do so as soon as practicable after the end of that financial year.
Note 1: The payment may be a voluntary repayment.
Note 2: The payment may be in the form of the application of an amount against the debt.
(2) If the Secretary is so notified, the Secretary must re - credit the person's * HELP balance with an amount equal to the amount of the payment.
(3) If, under section 142 - 15 or 144 - 10, the * Secretary determines, during a financial year, that an amount is to be reduced from a person's * accumulated HELP debt, the Secretary must re - credit the person's * HELP balance with an amount equal to the amount reduced as soon as practicable after the end of that financial year.