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Thursday, 2 June 1994
Page: 1188


Senator HARRADINE (12.44 p.m.) —Whilst we are seeking clarification, I would like to put a question to the minister. Take the example of an employee who has a HECS indebtedness under this legislation and who is employed on a $30,000 a year job for a period of two months. As I read the legislation, there would be a liability on the part of the employer to deduct the relevant amount for HECS repayment purposes. That employee becomes unemployed for a time, and at the end of the financial year the employee receives in total $25,000. What happens at the end of the year when he puts in his tax return? Does the tax office return the amount that has been deducted from his salary or not? I would be interested to know what the situation would be and under what provisions of the act would that occur?