Document ID: chunk:federal_register_of_legislation:C2023A00036:clause:1_28
Version: federal_register_of_legislation:C2023A00036
Segment Type: clause
Provision Reference: sch 1 cl 28
Character Range: 36882–37901

28  After section 137‑16
Insert:

137‑17  STARTUP‑HELP debts

Incurring STARTUP‑HELP debts
 (1) A person incurs a debt to the Commonwealth if, under section 128D‑1, the Commonwealth:
 (a) makes a loan to the person; and
 (b) uses the amount lent to make a payment in discharge of the person's liability to pay an *accelerator program course fee for an *accelerator program course.
The debt is a STARTUP‑HELP debt.
 (2) The amount of the *STARTUP‑HELP debt is the amount of the loan.

When STARTUP‑HELP debts are incurred
 (3) A *STARTUP‑HELP debt is taken to have been incurred by a person immediately after the *census date for the course, whether or not the Commonwealth has made a payment in respect of the person's *accelerator program course fee for the course.

Remission of STARTUP‑HELP debts
 (4) A person's *STARTUP‑HELP debt in relation to an *accelerator program course is taken to be remitted if an amount of *STARTUP‑HELP assistance that a person received for the course is *reversed under Division 128E.