Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) When the Commonwealth under section 57:
(a) makes a loan to a person; and
(b) uses the amount lent to make a payment in discharge of the person's liability to pay a contribution in respect of a course of study in respect of a semester;
the person incurs an HEC semester debt to the Commonwealth equal to the amount of the loan.
(2) The HEC semester debt is taken to have been incurred immediately after the census date in respect of the course of study in respect of the semester, whether or not the Commonwealth has made a payment to the institution in respect of the contribution.