Document ID: chunk:federal_register_of_legislation:C2008C00021:clause:2_18
Version: federal_register_of_legislation:C2008C00021
Segment Type: clause
Provision Reference: sch 2 cl 18
Character Range: 40870–41377

18  After subsection 106N(2)
Insert:

 (2A) A person cannot incur an accumulated HEC debt on 1 June 2006 or on 1 June in any later year.

Note: A person's accumulated HELP debt, worked out under section 140‑25 of the Higher Education Support Act 2003, for the financial year starting on 1 July 2005 can include an amount for the person's accumulated HEC debt incurred on 1 June 2005: see Part 3 of Schedule 1 to the Higher Education Support (Transitional Provisions and Consequential Amendments) Act 2003.