Commonwealth Consolidated Acts

HIGHER EDUCATION SUPPORT ACT 2003 - SECT 137.18

Incurring VET FEE - HELP debts

  (1)   A person incurs a debt to the Commonwealth if, under clause   55 of Schedule   1A, 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 his or her * VET tuition fee for a * VET unit of study.

The debt is a VET FEE - HELP debt .

  (2)   The amount of the * VET FEE - HELP debt is:

  (a)   120% of the loan; or

  (b)   if the * VET Guidelines specify a lesser percentage of the loan for the person--that lesser percentage of the loan.

Note:   For specification by class, see subsection   13(3) of the Legislation Act 2003 .

When VET FEE - HELP debts are incurred

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

Remission of VET FEE - HELP debts

  (4)   A person's * VET FEE - HELP debt in relation to a * VET unit of study is taken to be remitted if the person's * HELP balance is re - credited under clause   46, 46A, 46AA, 47 or 51 of Schedule   1A in relation to the unit.

Note:   The debt is taken to be remitted even if the person's HELP balance is not increased by an amount equal to the amount re - credited.

  (5)   A person's * VET FEE - HELP debt in relation to a * VET unit of study is taken to be remitted to the extent that the person's * HELP balance is re - credited under clause   46B of Schedule   1A in relation to the unit.