(1) The accumulated HEC debt that a person incurs on 1 June in a year ( relevant date ) discharges, or discharges the unpaid part of:
(a) any accumulated HEC debt that the person incurred on the preceding 1 June ( earlier date ); and
(b) any semester debt that was incurred by the person on or after the earlier date and before the relevant date.
(2) Nothing in subsection (1) affects the application of section 106L or 106N.