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Labor 2013-14 Budget Savings (Measures No. 2) Bill 2015

Schedule 3 Removal of up-front payment discount

   

Higher Education Support Act 2003

1  Section 36-50

Repeal the section.

2  Paragraph 90-1(f)

Repeal the paragraph, substitute:

                      (f)  the student * meets the tax file number requirements (see section 187-1); and

3  Subsection 93-15(1)

After “is a payment of”, insert “all or”.

4  Subsection 93-15(3)

Repeal the subsection (including the notes).

5  Sections 96-1, 96-5 and 96-10

Repeal the sections, substitute:

96-1   Payments to higher education providers

                   If a student is entitled to an amount of * HECS-HELP assistance for a unit of study with a higher education provider, the Commonwealth must:

                     (a)  as a benefit to the student, lend to the student the amount of HECS-HELP assistance; and

                     (b)  pay to the provider the amount lent in discharge of the student’s liability to pay his or her * student contribution amount for the unit.

6  Subsection 137-5(1)

Omit “or 96-5”.

7  Paragraph 193-1(5)(b)

Omit “90%”, substitute “100%”.

8  Paragraph 193-5(1)(d)

Omit “90% of”.

9  Subclause 1(1) of Schedule 1 (definition of HECS-HELP discount )

Repeal the definition.

10  Application

The amendments made by this Schedule apply in relation to an up-front payment made in relation to a unit of study that has a census date on or after the first 1 January that occurs at least 3 months after the day on which this Act receives the Royal Assent.