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Student Loans (Overseas Debtors Repayment Levy) Bill 2015

2013-2014-2015

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

As passed by both Houses

 

 

 

 

Student Loans (Overseas Debtors Repayment Levy) Bill 2015

 

No.      , 2015

 

 

 

 

 

A Bill for an Act to impose the overseas debtors repayment levy, and for related purposes

   

   

   



Contents

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

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

3............ Definitions.......................................................................................... 2

4............ Imposition of levy............................................................................... 2

5............ Amount of levy................................................................................... 2

 



A Bill for an Act to impose the overseas debtors repayment levy, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Student Loans (Overseas Debtors Repayment Levy) Act 2015 .

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.  The whole of the Act

At the same time as Schedule 1 to the Education Legislation Amendment (Overseas Debt Recovery) Act 2015 commences.

 

Note:          This table relates only to the provisions of this Act as originally enacted.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   Definitions

                   In this Act:

income year has the meaning given by subsection 995-1(1) of the Income Tax Assessment Act 1997 .

overseas debtors repayment levy means levy payable under:

                     (a)  section 154-16 of the Higher Education Support Act 2003 ; or

                     (b)  section 47A of the Trade Support Loans Act 2014 .

4   Imposition of levy

                   Overseas debtors repayment levy is imposed.

5   Amount of levy

                   The amount of a person’s overseas debtors repayment levy is equal to the amount payable by the person under section 154-16 of the Higher Education Support Act 2003 or section 47A of the Trade Support Loans Act 2014 , as the case requires.

(168/15)