Commonwealth Consolidated Acts

STUDENT ASSISTANCE ACT 1973 - SECT 12ZLC

  (1)   The amount that a person is liable to pay under section   12ZK, in respect of:

  (a)   the 2019 - 20 income year; or

  (b)   a later income year;

is the amount worked out using the formula:

where:

"applicable percentage of repayment income" means an amount equal to so much of the person's repayable debt for the income year as does not exceed the percentage of the person's repayment income worked out in respect of the income year using the table in section   154 - 20 of the Higher Education Support Act 2003 .

"relevant income-contingent loans liability" means the amount that is the sum of the following:

  (a)   the sum of any amounts the person is liable to pay under section   154 - 1 or 154 - 16 of the Higher Education Support Act 2003 in respect of the income year;

  (b)   the sum of any amounts the person is liable to pay under section   23EA or 23EC of the VET Student Loans Act 2016 in respect of the income year.

  (2)   For the purposes of subsection   (1), assume that the reference in the table in section   154 - 20 of the Higher Education Support Act 2003 to the person's repayment income is a reference to the person's repayment income within the meaning of section   12ZL of this Act.

  (3)   A person is not liable under this section to pay an amount for an income year if the amount worked out under subsection   (1) is zero or less.