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Higher Education and Research Reform Amendment Bill 2014

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2013-2014

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

Higher Education and Research Reform Amendment Bill 2014

 

 

( 1 )     Schedule  3 , items  1 to 4 , page 58 (line 4) to page 59 (line 10) , omit the items, substitute:

1  At the end of Division 134

Add:

134-5   The HELP Debt Repayment Guidelines

                   Debts relating to * HELP debts are also dealt with in the HELP Debt Repayment Guidelines. The provisions of this Part indicate when a particular matter is or may be dealt with in these Guidelines.

Note:          The HELP Debt Repayment Guidelines are made by the Minister under section 238-10.

2  Paragraph 140-1(2)(a)

After “Index”, insert “(except in some cases where the person was the primary carer for a child for the preceding financial year)”.

3  Subsection 140-5(1)

Omit “is worked out by multiplying:”, substitute “is:”.

4  Paragraphs 140-5(1)(a) and (b)

Repeal the paragraphs, substitute:

                     (a)  the product of multiplying the amount worked out using the following method statement by the * HELP debt indexation factor for 1 June in that financial year; or

                     (b)  the amount worked out using the following method statement, if:

                              (i)  the HELP debt indexation factor for 1 June in that financial year is more than 1; and

                             (ii)  the person was for the immediately preceding financial year the primary carer for a child under 5; and

                            (iii)  the person’s * repayment income (if any) for that immediately preceding financial year did not exceed the * minimum repayment income for that immediately preceding financial year.

5  At the end of section 140-5

Add:

             (3)  The HELP Debt Repayment Guidelines may make provision in relation to the determination by the * Commissioner of whether a particular person is the primary carer for a child under a particular age for a financial year, in such a way that only one person can be determined to be the primary carer for a particular child for a particular financial year.

6  Subsection 238-10(1) (at the end of the table)

Add:

12

HELP Debt Repayment Guidelines

Part 4-1

[indexation of HELP debts]