Document ID: chunk:federal_register_of_legislation:C2025C00168:section:23ea
Version: federal_register_of_legislation:C2025C00168
Segment Type: section
Provision Reference: s 23EA
Character Range: 48653–50142

23EA  Compulsory repayments
 (1) If:
 (a) a person's repayment income for an income year exceeds the minimum repayment income for the income year; and
 (b) on 1 June immediately preceding the making of an assessment in respect of the person's income of that income year, the person had an accumulated VETSL debt;
the person is liable to pay to the Commonwealth, in accordance with this Division, so much of the person's repayable VETSL debt for the income year as does not exceed the amount worked out using the formula:

  where:
applicable percentage of repayment income means the amount that is the percentage of the person's repayment income worked out in respect of the income year using the table in section 154‑20 of the Higher Education Support Act 2003.
relevant income‑contingent loans liability means the amount that is the sum of any amounts the person is liable to pay under section 154‑1 or 154‑16 of the Higher Education Support Act 2003 in respect of the income year.
 (2) A person is not liable under this section to pay an amount for an income year if the amount worked out under subsection (1) is zero or less.
 (3) A person is not liable under this section to pay an amount for an income year if, under section 8 of the Medicare Levy Act 1986:
 (a) no Medicare levy is payable by the person on the person's taxable income for the income year; or
 (b) the amount of the Medicare levy payable by the person on the person's taxable income for the income year is reduced.