Commonwealth Numbered Acts

HIGHER EDUCATION LEGISLATION AMENDMENT (2006 BUDGET AND OTHER MEASURES) ACT 2006 (NO. 121, 2006) - SCHEDULE 2

Higher Education Support Act 2003

1  Subsection 104‑15(1)

Repeal the subsection, substitute:

             (1)  A person's FEE‑HELP balance at a particular time is:

                     (a)  if the * FEE‑HELP limit in relation to the person at the time exceeds the sum of all of the amounts of * FEE‑HELP assistance that have previously been payable to the person, being that sum as reduced by any amounts previously re‑credited under this Subdivision--that excess; and

                     (b)  otherwise--zero.

Note:          If an amount is to be re‑credited to a FEE‑HELP balance, the balance that is to be re‑credited is worked out immediately before that re‑crediting. The balance is worked out after the re‑crediting by taking account of the amount re‑credited. If a person's FEE‑HELP limit has been reduced, the balance might not increase, or might not increase by the same amount as the amount re‑credited.

2  Section 104‑20

Repeal the section, substitute:

104‑20   The FEE‑HELP limit

                   The FEE‑HELP limit is:

                     (a)  $80,000; or

                     (b)  in relation to a person who is enrolled in a * course of study in medicine, a * course of study in dentistry or a * course of study in veterinary science, while the person is enrolled in that course--$100,000.

Note:          The FEE‑HELP limit is indexed under Part 5‑6.

3  Application of amendment of FEE‑HELP limit

Paragraph 104‑20(b) of the Higher Education Support Act 2003 , as amended by this Schedule, applies only in relation to a person who is enrolled in a course of study mentioned in that paragraph on or after 1 January 2007.

4  Transitional provision

The amounts in section 104‑20 of the Higher Education Support Act 2003 , as amended by this Schedule, are not to be indexed on 1 January 2007.

5  At the end of subsection 110‑5(1)

Add:

Note:          The provider must repay the amount under subsection (1) even if the person's FEE‑HELP balance is not increased by an amount equal to the amount re‑credited.

6  At the end of subsection 137‑10(4)

Add:

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

7  Clause 1 of Schedule 1

Insert:

"course of study in dentistry" means a * course of study, completion of which would satisfy the academic requirements for registration as a dentist by an authority of a State, a Territory or the Commonwealth.

8  Clause 1 of Schedule 1

Insert:

"course of study in veterinary science" means a * course of study, completion of which would satisfy the academic requirements for registration as a veterinary surgeon or veterinary practitioner by an authority of a State, a Territory or the Commonwealth.