Commonwealth Consolidated Acts

HIGHER EDUCATION SUPPORT ACT 2003 - SECT 137.17

Incurring STARTUP - HELP debts

  (1)   A person incurs a debt to the Commonwealth if, under section   128D - 1, the Commonwealth:

  (a)   makes a loan to the person; and

  (b)   uses the amount lent to make a payment in discharge of the person's liability to pay an * accelerator program course fee for an * accelerator program course.

The debt is a STARTUP - HELP debt .

  (2)   The amount of the * STARTUP - HELP debt is the amount of the loan.

When STARTUP - HELP debts are incurred

  (3)   A * STARTUP - HELP debt is taken to have been incurred by a person immediately after the * census date for the course, whether or not the Commonwealth has made a payment in respect of the person's * accelerator program course fee for the course.

Remission of STARTUP - HELP debts

  (4)   A person's * STARTUP - HELP debt in relation to an * accelerator program course is taken to be remitted if an amount of * STARTUP - HELP assistance that a person received for the course is * reversed under Division   128E.