(1) The accumulated ABSTUDY SSL debt that a person incurs on 1 June in a financial year discharges, or discharges the unpaid part of:
(a) any ABSTUDY SSL debt that the person incurred during the calendar year immediately preceding that day; and
(b) any accumulated ABSTUDY SSL debt that the person incurred on the immediately preceding 1 June.
(2) Nothing in subsection (1) affects the application of section 8B, 8C, 9B or 9C.