Document ID: chunk:federal_register_of_legislation:C2025C00140:clause:1_4:p50
Version: federal_register_of_legislation:C2025C00140
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 50/67)
Character Range: 409967–412985

repayment amounts in respect of the debt.
(See Subdivision 140‑B.)

Stage 2—Accumulated HELP debt
 (3) The person's *accumulated HELP debt is worked out from:
 (a) his or her *former accumulated HELP debt; and
 (b) the *HELP debts that he or she incurs during the first 6 months of the financial year; and
 (c) *voluntary repayments of those debts; and
 (d) reductions of those debts under section 142‑15 or 144‑10.
(See Subdivision 140‑C.)
Note: Incurring that financial year's accumulated HELP debt discharges the previous accumulated HELP debt and HELP debts under this Part: see section 140‑35.

Subdivision 140‑B—Former accumulated HELP debts

140‑5  Working out a former accumulated HELP debt
 (1) A person's former accumulated HELP debt, in relation to the person's *accumulated HELP debt for a financial year, is worked out by multiplying:
 (a) the amount worked out using the following method statement; by
 (b) the *HELP debt indexation factor for the person for 1 June in that financial year.

      Method statement
           Step 1. Take the person's *accumulated HELP debt for the immediately preceding financial year. (This amount is taken to be zero if the person has no accumulated HELP debt for that financial year.)
           Step 2. Take the HELP debts (if any) that the person incurred during the last 6 months of the immediately preceding financial year. Group them according to whether the debts are in relation to:

                (a) units undertaken with a higher education provider that formed part of one particular *course of study with that provider; or
                (b) units undertaken with a higher education provider that formed part of one particular course of study with another higher education provider; or
                (c) units that formed part of one particular *bridging course for overseas‑trained professionals; or
                (d) units access to which was provided by *Open Universities Australia; or
                (e) *OS‑HELP assistance, the entitlement to which relates to the person's enrolment in a *course of study with one particular higher education provider (see paragraph 118‑1(1)(c)); or
                (ea) *SA‑HELP assistance for *student services and amenities fees imposed on the person by one particular higher education provider; or
                (eb) *STARTUP‑HELP assistance for an *accelerator program course provided by one particular higher education provider; or
                (f) units undertaken with a *VET provider that formed part of one particular *VET course of study with that provider; or
                (g) units undertaken with a VET provider that formed part of one particular VET course of study with another VET provider; or
                (h) a *VET student loan in relation to one particular course of study.

                  Note: There will be more than one group of debts under paragraph (a) if the person incurred debts in relation to more than one course of study with a provider. Similarly, there could