Commonwealth Consolidated Acts

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SOCIAL SECURITY ACT 1991 - SECT 1061ZVHA

Liability to repay amounts

             (1)  If:

                     (a)  a person's HELP repayment income for an income year exceeds the minimum HELP repayment income for the income year; and

                     (b)  on 1 June immediately preceding the making of an assessment in respect of the person's income of that income year, the person had an accumulated SSL debt;

the person is liable to pay to the Commonwealth, in accordance with this Division, so much of the person's repayable SSL debt for the income year as does not exceed the amount worked out using the formula:

where:

"applicable percentage of repayment income" means the amount that is the percentage of the person's HELP repayment income applicable under 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;

                    (aa)  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;

                     (b)  the sum of any amounts the person is liable to pay under section 1061ZZEZ of this Act, or section 12ZK of the Student Assistance Act 1973 , in respect of the income year.

             (2)  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.

             (3)  A person is not liable under this section to pay an amount for an income year if, under section 8 of the Medicare Levy Act 1986 :

                     (a)  no Medicare levy is payable by the person on the person's taxable income for the income year; or

                     (b)  the amount of the Medicare levy payable by the person on the person's taxable income for the income year is reduced.



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