Document ID: chunk:federal_register_of_legislation:C2023C00380:clause:9_20
Version: federal_register_of_legislation:C2023C00380
Segment Type: clause
Provision Reference: sch 9 cl 20
Character Range: 285902–286695

20  After subsection 14A(5)
Insert:
 (5A) If:
 (a) a person has or had a debt not related to the person's principal home or to any other residential property in which the person holds or held, solely or jointly, any right or interest; and
 (b) since becoming qualified for youth allowance or austudy payment (as the case requires), the person has, in order to discharge the debt in whole or in part, made a payment that the person was not obliged to make; and
 (c) since becoming qualified for youth allowance or austudy payments (as the case requires), the person had not already made such a payment in order to discharge that debt in part;
the amount of the payment referred to in paragraph (b) is to be disregarded for the purposes of determining the amount of the person's liquid assets.