Commonwealth Consolidated Acts

HIGHER EDUCATION SUPPORT ACT 2003 - SECT 154.15

  (1)   A person's repayable debt for an * income year is:

  (a)   the person's * accumulated HELP debt referred to in paragraph   154 - 1(1)(b) in relation to that income year; or

  (b)   if one or more amounts:

  (i)   have been paid in reduction of that debt; or

  (ii)   have been assessed under section   154 - 35 to be payable in respect of that debt;

    the amount (if any) remaining after deducting from that debt the amount, or sum of the amounts, so paid or assessed to be payable.

  (2)   A reference in paragraph   (1)(b) to an amount assessed to be payable is, if the amount has been increased or reduced by an amendment of the relevant assessment, a reference to the increased amount or the reduced amount.