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Higher Education Support Legislation Amendment (Student Loan Sustainability) Bill 2018

2016-2017-2018

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

As read a third time

 

 

 

 

Higher Education Support Legislation Amendment (Student Loan Sustainability) Bill 2018

 

No.      , 2018

 

 

 

 

 

A Bill for an Act to amend legislation relating to student loans, and for other purposes

   

   



Contents

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

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

3............ Schedules............................................................................................ 2

Schedule 1—Repayment thresholds                                                                            3

Part 1—General amendments                                                                                    3

Higher Education Support Act 2003                                                                        3

Social Security Act 1991                                                                                             6

Student Assistance Act 1973                                                                                      7

Part 2—Amendments relating to indexation                                                      9

Higher Education Support Act 2003                                                                        9

Part 3—Application and transitional provisions                                             11

Schedule 2—Order of repayment of debts                                                            12

Part 1—Amendments                                                                                                   12

Social Security Act 1991                                                                                           12

Student Assistance Act 1973                                                                                    13

Trade Support Loans Act 2014                                                                                13

Part 2—Application provisions                                                                               14

Schedule 2A—The FEE-HELP limit                                                                        15

Higher Education Support Act 2003                                                                      15

Schedule 3—HELP loan limits etc.                                                                             16

Part 1—Amendments                                                                                                   16

Higher Education Support Act 2003                                                                      16

VET Student Loans Act 2016                                                                                    37

Part 2—Application and transitional provisions                                             40

 

 



This Bill originated in the House of Representatives; and, having this day passed, is now ready for presentation to the Senate for its concurrence.

D. R. ELDER

Clerk of the House of Representatives

House of Representatives

27 March 2018

A Bill for an Act to amend legislation relating to student loans, and for other purposes

The Parliament of Australia enacts:

1   Short title

                   This Act is the Higher Education Support Legislation Amendment (Student Loan Sustainability) 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

Immediately after the commencement of Schedule 1 to the Budget Savings (Omnibus) Act 2016 .

1 July 2018

3.  Schedule 2

1 July 2019.

1 July 2019

3A.  Schedule 2A

1 January 2019.

1 January 2019

4.  Schedule 3

1 January 2020.

1 January 2020

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.