Document ID: chunk:federal_register_of_legislation:C2019A00103:clause:2_11:p2
Version: federal_register_of_legislation:C2019A00103
Segment Type: clause
Provision Reference: sch 2 cl 11 (pt 2/3)
Character Range: 9980–12602

in the Very Remote HELP Debtor Guidelines for the purposes of this subparagraph.
 (2) If the *Secretary determines that the indexation of the person's *accumulated HELP debt for a financial year is to be reduced, the Secretary must determine the number of days in the applicable calendar year in respect of which the person was a *very remote HELP debtor.
 (3) The *Secretary must, within 28 days after the day the Secretary receives the application under subsection (4), give notice to the person of the Secretary's decision on that application. The notice must:
 (a) be in writing; and
 (b) if the Secretary determines that the indexation of the person's accumulated HELP debt for a financial year is to be reduced—state the number of days determined by the Secretary under subsection (2).
Note: The Secretary is taken to have made a decision to reject the application if the Secretary does not notify the person of the decision within 28 days: see section 206‑5.
 (4) A person may apply to the *Secretary for a determination under subsection (1) that the indexation of the person's *accumulated HELP debt for a financial year be reduced. The application must:
 (a) be in writing; and
 (b) be in the form (if any) approved by the Secretary and accompanied by the information (if any) required by the Secretary; and
 (c) include the person's *tax file number; and
 (d) meet any requirements specified by the Very Remote HELP Debtor Guidelines for the purposes of this paragraph.

142‑15  Reducing accumulated HELP debts
 (1) The *Secretary must, on the application of a person under subsection (5), determine that the person's *accumulated HELP debt is to be reduced in relation to a *course of study in education by a specified amount if:
 (a) the Secretary is satisfied that the person:
 (i) has been a *very remote HELP debtor for a period of 4 years, or for periods within a continuous 6 year period that total 4 years; and
 (ii) has met such other requirements (if any) as are specified in those Guidelines for the purposes of this subparagraph; and
 (b) the Secretary has not previously determined under this section that the person's accumulated HELP debt is to be reduced in relation to a course of study in education.
 (2) If the *Secretary determines that a person's *accumulated HELP debt is to be reduced, the amount by which that debt is reduced is the amount equal to the lesser of the following:
 (a) the sum of the amounts of *HECS‑HELP debt and *FEE‑HELP debt incurred by the person in respect of units of study:
 (i) with a total *EFTSL value of not more than 5.0 *EFTSL; and
 (ii) undertaken as part of