Document ID: chunk:federal_register_of_legislation:C2025C00140:clause:1_4:p54
Version: federal_register_of_legislation:C2025C00140
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 54/67)
Character Range: 420120–422938

year; and
 (b) before 1 June in the financial year.
‑Example: Paula is studying part‑time for a Degree of Bachelor of Science. On 1 June 2009, her former accumulated HELP debt was worked out using Subdivision 140‑B to be $20,000. She incurred a HELP debt of $1,500 on 31 August 2008. No repayments have been made in the 12 months from 1 June 2008.
 Paula's accumulated HELP debt on 1 June 2009 is worked out by taking her former accumulated HELP debt of $20,000 and adding the $1,500 HELP debt incurred on 31 August 2008. That is:

 (1A) For the purposes of the definition of HELP debts incurred in subsection (1), use the following method statement:

           Step 1. Take the HELP debts (if any) that the person incurred during the first 6 months of the financial year. Group them according to whether the debts are in relation to:

                (a) units undertaken with a higher education provider that formed part of one particular *course of study with that provider; or
                (b) units undertaken with a higher education provider that formed part of one particular course of study with another higher education provider; or
                (c) units that formed part of one particular *bridging course for overseas‑trained professionals; or
                (d) units access to which was provided by *Open Universities Australia; or
                (e) *OS‑HELP assistance, the entitlement to which relates to the person's enrolment in a *course of study with one particular higher education provider (see paragraph 118‑1(1)(c)); or
                (ea) *SA‑HELP assistance for *student services and amenities fees imposed on the person by one particular higher education provider; or
                (eb) *STARTUP‑HELP assistance for an *accelerator program course provided by one particular higher education provider; or
                (f) units undertaken with a *VET provider that formed part of one particular *VET course of study with that provider; or
                (g) units undertaken with a VET provider that formed part of one particular VET course of study with another VET provider; or
                (h) a *VET student loan in relation to one particular course of study.

                  Note: There will be more than one group of debts under paragraph (a) if the person incurred debts in relation to more than one course of study with a provider. Similarly, there could be more than one group of debts under paragraph (b), (c), (e), (ea), (eb), (f), (g) or (h).
           Step 2. Work out the total for each group of debts. If the total for a particular group is an amount consisting 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