Document ID: chunk:federal_register_of_legislation:C2006A00121:clause:2_1
Version: federal_register_of_legislation:C2006A00121
Segment Type: clause
Provision Reference: sch 2 cl 1
Character Range: 5108–5924

1  Subsection 104‑15(1)
Repeal the subsection, substitute:

 (1) A person's FEE‑HELP balance at a particular time is:
 (a) if the *FEE‑HELP limit in relation to the person at the time exceeds the sum of all of the amounts of *FEE‑HELP assistance that have previously been payable to the person, being that sum as reduced by any amounts previously re‑credited under this Subdivision—that excess; and
 (b) otherwise—zero.

Note: If an amount is to be re‑credited to a FEE‑HELP balance, the balance that is to be re‑credited is worked out immediately before that re‑crediting. The balance is worked out after the re‑crediting by taking account of the amount re‑credited. If a person's FEE‑HELP limit has been reduced, the balance might not increase, or might not increase by the same amount as the amount re‑credited.