Commonwealth Consolidated Acts

HIGHER EDUCATION SUPPORT ACT 2003 - SECT 137.15

Incurring OS - HELP debts

  (1)   A person incurs a debt to the Commonwealth if, under section   124 - 1, the Commonwealth makes a loan to the person. The debt is an OS - HELP debt .

Note:   For a student who is entitled to a supplementary amount for Asian language study, see subsections   124 - 1(2A) and (2B).

  (2)   The amount of the * OS - HELP debt is an amount equal to the amount of the loan.

When OS - HELP debts are incurred

  (3)   The * OS - HELP debt is taken to have been incurred on the day on which a higher education provider, on the Commonwealth's behalf, paid the amount lent to the person.