Document ID: chunk:federal_register_of_legislation:C2025C00140:clause:1_4:p55
Version: federal_register_of_legislation:C2025C00140
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 55/67)
Character Range: 422751–425376

of a number of whole dollars and a number of cents, the total for that group is taken to be the number of whole dollars. If the total for a group is an amount of less than one dollar, the total for the group is taken to be zero.
           Step 3. If there is more than one group of debts for the person, add together the totals for all of the groups.
 (2) The person incurs the *accumulated HELP debt on 1 June in the financial year.
 (3) The first financial year for which a person can have an *accumulated HELP debt is the financial year starting on 1 July 2005.

140‑30  Rounding of amounts
 (1) If, apart from this section, a person's *accumulated HELP debt would be an amount consisting of a number of whole dollars and a number of cents, disregard the number of cents.
 (2) If, apart from this section, a person's *accumulated HELP debt would be an amount of less than one dollar, the person's accumulated HELP debt is taken to be zero.

140‑35  Accumulated HELP debt discharges earlier debts
 (1) The *accumulated HELP debt that a person incurs on 1 June in a financial year discharges, or discharges the unpaid part of:
 (a) any *HELP debt that the person incurred during the calendar year immediately preceding that day; and
 (b) any accumulated HELP debt that the person incurred on the immediately preceding 1 June.
 (2) Nothing in subsection (1) affects the application of Division 137, Subdivision 140‑B or section 140‑25.

140‑40  Accumulated HELP debt discharged by death
 (1) Upon the death of a person who has an *accumulated HELP debt, the accumulated HELP debt is taken to be discharged.
 (2) To avoid doubt, this section does not affect any *compulsory repayment amounts required to be paid in respect of the *accumulated HELP debt, whether or not those amounts were assessed before the person's death.
Note: Accumulated HELP debts are not provable in bankruptcy: see subsection 82(3AB) of the Bankruptcy Act 1966.

Division 142—Special measures for location‑preferred HELP debtors—teachers

142‑1  Meaning of location‑preferred HELP debtor (teacher)
 (1) A person is a location‑preferred HELP debtor (teacher) on a day if:
 (a) the person carries out work as a teacher on that day at a school located in an area that is classified as very remote Australia under the *ABS Remoteness Structure; and
 (b) the person has completed a *course of study in education; and
 (c) the person incurred a *HECS‑HELP debt or a *FEE‑HELP debt in relation to that course of study.
 (2) For the purposes of paragraph (1)(a), a school is any of the following:
 (a) an approved child care service (within the meaning of the