Document ID: chunk:federal_register_of_legislation:C2023C00380:clause:5_1061zx
Version: federal_register_of_legislation:C2023C00380
Segment Type: clause
Provision Reference: sch 5 cl 1061ZX
Character Range: 253357–254379

1061ZX  Minister may establish a Student Financial Supplement Scheme
 (1) The Minister may, by instrument in writing, establish a Student Financial Supplement Scheme under which certain tertiary students to whom youth allowance, austudy payment or pensioner education supplement is payable, or to whom youth allowance would be payable except for the youth allowance parental income test, can obtain a repayable financial supplement by entering into a contract for that purpose with a financial corporation that participates in the scheme.
 (2) The Minister may, from time to time, vary or revoke the scheme by instrument in writing.
 (3) The scheme, whether as originally established or as varied, must include provisions of the kind mentioned in section 1061ZY, in addition to satisfying the requirements of subsection (1).
 (4) An instrument under this section has effect according to its terms, despite anything else in this Act or in any other Act.
 (5) An instrument under this section is a disallowable instrument.