Document ID: chunk:federal_register_of_legislation:C2025C00136:section:30
Version: federal_register_of_legislation:C2025C00136
Segment Type: section
Provision Reference: s 30
Character Range: 32852–33891

30  Simplified outline of this Division

      There are 2 stages to working out a person's accumulated AASL debt for a financial year.
      In stage 1, the person's former accumulated AASL debt is worked out by adjusting the preceding financial year's accumulated AASL debt to take account of:
             (a) indexation using the AASL debt indexation factor; and
             (b) the debts that the person incurs during the last 6 months of the preceding financial year; and
             (c) any completion discount for the person; and
             (d) voluntary AASL repayments of the debt; and
             (e) compulsory AASL repayment amounts in respect of the debt.
      In stage 2, the person's accumulated AASL debt is worked out from:
             (a) the person's former accumulated AASL debt; and
             (b) the AASL debts that the person incurs during the first 6 months of the financial year; and
             (c) any completion discount for the person; and
             (d) voluntary AASL repayments of the debt.