Document ID: chunk:federal_register_of_legislation:C2008A00043:clause:1_8
Version: federal_register_of_legislation:C2008A00043
Segment Type: clause
Provision Reference: sch 1 cl 8
Character Range: 3329–4224

8  After section 154‑1
Insert:

154‑3  Reduction of liability by HECS‑HELP benefit

  If the *Commissioner has determined, in respect of a person, an amount of *HECS‑HELP benefit under section 157‑20 for an *income year, the amount that the person is liable to pay under section 154‑1 for that year is reduced by the amount of the benefit.

Note 1: The calculation of a person's compulsory repayment amount under section 154‑1 remains unaffected. A person's accumulated HELP debt is reduced by compulsory repayment amounts under Division 140. The HECS‑HELP benefit reduces a person's liability that arises under section 154‑1, so that the amount that the person will actually pay (if any) will be less than the compulsory repayment amount calculated.

Note 2: If a determination is reviewed, a reference to the determination includes a reference to the decision on review, see section 157‑30.