Document ID: chunk:federal_register_of_legislation:F2022C00488:reg:17
Version: federal_register_of_legislation:F2022C00488
Segment Type: reg
Provision Reference: reg 17
Character Range: 47787–49635

17  Repayment of payments
 (1) This section is made for the purposes of sections 124ZH and 124ZQ of the Act.

Bonded participants covered by subsection 124ZE(1) or (2) of the Act
 (2) For the purposes of subparagraphs 124ZH(2)(a)(i) and 124ZQ(1)(a)(i) of the Act, the amount to be repaid is calculated by using the formula:
  where:
incomplete return of service obligation means the number of months of a bonded participant's return of service obligation that are incomplete at the time that the bonded participant breaches the condition mentioned in paragraph 124ZG(1)(a) or (c), or withdraws from the Bonded Medical Program, as the case may be.
total return of service obligation means the total number of months of a bonded participant's return of service obligation.
total repayment amount means the Commonwealth contribution amount for a place in medicine for each year of study completed, and for any parts of a year commenced, but not completed.
Note: Commonwealth contribution amount has the meaning given in section 33‑10 of the Higher Education Support Act 2003.

Bonded participants covered by subsection 124ZE(3) of the Act
 (3) For the purposes of subparagraphs 124ZH(2)(b)(i) and 124ZQ(1)(b)(i) of the Act, the amount to be repaid is calculated by using the formula:
  where:
incomplete return of service obligation means the number of months of a bonded participant's return of service obligation that are incomplete at the time that the bonded participant breaches the condition mentioned in paragraph 124ZG(1)(a) or (c), or withdraws from the Bonded Medical Program, as the case may be.
total return of service obligation means the total number of months of a bonded participant's return of service obligation.
total repayment amount means the total cost of the Commonwealth funded scholarship provided to the bonded participant.