Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Education and Other Legislation Amendment (VET Student Loan Debt Separation) Bill 2018

2016-2017-2018

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

Education and Other Legislation Amendment (VET Student Loan Debt Separation) Bill 2018

 

No.      , 2018

 

(Education and Training)

 

 

 

A Bill for an Act to separate VET student loan debts from HELP debts, and for other purposes

   

   



Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedules............................................................................................ 4

Schedule 1—Separation of VET student loan debts from HELP debts    5

Part 1—Main amendments                                                                                          5

Higher Education Support Act 2003                                                                        5

VET Student Loans Act 2016                                                                                      6

Part 2—Consequential and contingent amendments                                   25

A New Tax System (Family Assistance) (Administration) Act 1999                  25

Bankruptcy Act 1966                                                                                                 25

Income Tax Assessment Act 1936                                                                             25

Income Tax Assessment Act 1997                                                                             25

Social Security Act 1991                                                                                           26

Student Assistance Act 1973                                                                                    29

Taxation Administration Act 1953                                                                          31

Taxation (Interest on Overpayments and Early Payments) Act 1983               33

Trade Support Loans Act 2014                                                                                34

VET Student Loans Act 2016                                                                                    35

Schedule 2—Courses and loan caps determination                                         36

VET Student Loans Act 2016                                                                                    36

 

 



A Bill for an Act to separate VET student loan debts from HELP debts, and for other purposes

The Parliament of Australia enacts:

1   Short title

                   This Act is the Education and Other Legislation Amendment (VET Student Loan Debt Separation) Act 2018 .

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent.

 

2.  Schedule 1, items 1 to 35

1 July 2019.

1 July 2019

3.  Schedule 1, items 36 to 38

1 July 2019.

However, the provisions do not commence at all if Schedule 2 to the Higher Education Support Legislation Amendment (Student Loan Sustainability) Act 2018 commences on that day.

 

4.  Schedule 1, item 39

Immediately after the start of 1 July 2019.

However, the provisions do not commence at all if Schedule 2 to the Higher Education Support Legislation Amendment (Student Loan Sustainability) Act 2018 does not commence on that day.

 

5.  Schedule 1, item 40

1 July 2019.

However, the provisions do not commence at all if Schedule 1 to the Higher Education Support Legislation Amendment (Student Loan Sustainability) Act 2018 does not commence before that day.

 

6.  Schedule 1, items 41 to 43

1 July 2019.

1 July 2019

7.  Schedule 1, item 44

1 July 2019.

However, the provisions do not commence at all if Schedule 2 to the Higher Education Support Legislation Amendment (Student Loan Sustainability) Act 2018 commences on that day.

 

8.  Schedule 1, item 45

Immediately after the start of 1 July 2019.

1 July 2019

9.  Schedule 1, item 46

1 July 2019.

However, the provisions do not commence at all if Schedule 1 to the Higher Education Support Legislation Amendment (Student Loan Sustainability) Act 2018 does not commence before that day.

 

10.  Schedule 1, items 47 to 51

1 July 2019.

1 July 2019

11.  Schedule 1, item 52

1 July 2019.

However, the provisions do not commence at all if Schedule 2 to the Higher Education Support Legislation Amendment (Student Loan Sustainability) Act 2018 does not commence on that day.

 

12.  Schedule 1, items 53 to 71

Immediately after the start of 1 July 2019.

1 July 2019

13.  Schedule 1, item 72

The later of:

(a) immediately after the start of 1 July 2019; and

(b) the time Schedule 3 to the Higher Education Support Legislation Amendment (Student Loan Sustainability) Act 2018 commences.

However, the provisions do not commence at all if the event mentioned in paragraph (b) does not occur.

 

14.  Schedule 2

The day after this Act receives the Royal Assent.

 

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3   Schedules

                   Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.