Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A person is qualified for a student start - up loan for a qualification period if:
(a) on the person's qualification test day for the period:
(i) the person is qualified for youth allowance and youth allowance is payable to the person; and
(ii) the person is receiving youth allowance and would be receiving youth allowance if steps 2 and 3 of the method statement in point 1067G - A1 of the Youth Allowance Rate Calculator were disregarded for the purposes of working out the person's rate of that allowance; and
(iii) the person is qualified for youth allowance under section 540 in circumstances where subparagraph 540(1)(a)(i) (about full - time study) applies and the relevant course of education is an approved scholarship course; and
(b) the Secretary is satisfied that the person is not likely to receive the amount or value of a disqualifying education costs scholarship in the period of 6 months starting immediately after that qualification test day; and
(c) the person notifies the Secretary of the person's tax file number.
Note 1: For approved scholarship course , see section 592M.
Note 2: If the condition in subparagraph (a)(iii) is no longer met in a certain period starting on the qualification test day, the amount of the loan might become an immediately recoverable debt, rather than an income - contingent SSL debt: see subsection 1223ABF(1).
(2) A person is qualified for a student start - up loan for a qualification period if:
(a) on the person's qualification test day for the period:
(i) the person is qualified for austudy payment and austudy payment is payable to the person; and
(ii) the person is receiving austudy payment and would be receiving austudy payment if steps 2 and 2A of the method statement in point 1067L - A1 of the Austudy Payment Rate Calculator were disregarded for the purposes of working out the person's rate of that payment; and
(iii) the person is qualified for austudy payment under section 568 in circumstances where subsection 569(1) (about qualifying study) applies and the relevant course of education is an approved scholarship course; and
(b) the Secretary is satisfied that the person is not likely to receive the amount or value of a disqualifying education costs scholarship in the period of 6 months starting immediately after that qualification test day; and
(c) the person notifies the Secretary of the person's tax file number.
Note 1: For approved scholarship course , see section 592M.
Note 2: The person might incur a debt if the condition in subparagraph (a)(iii) is no longer met in a certain period starting on the qualification test day: see subsection 1223ABF(1).
(3) A person's qualification test day for a qualification period is the earliest of the following:
(a) the day the Secretary determines the person's claim for a student start - up loan for the qualification period;
(b) if the approved scholarship course ends in the qualification period--the last day of the approved scholarship course;
(c) the last day of the qualification period.