Document ID: chunk:federal_register_of_legislation:C2008C00021:clause:1_10
Version: federal_register_of_legislation:C2008C00021
Segment Type: clause
Provision Reference: sch 1 cl 10
Character Range: 21433–21999

10  Conversion of accumulated HEC debts into accumulated HELP debts

(1) In working out, under section 140‑25 of the Higher Education Support Act 2003, a person's accumulated HELP debt for the financial year starting on 1 July 2005, if a person incurs an accumulated HEC debt on 1 June 2005, add the debt to the amount under step 1 of the method statement in section 140‑5 of that Act.

(2) The accumulated HELP debt that a person incurs on 1 June 2006 discharges, or discharges the unpaid part of, any accumulated HEC debt that the person incurred on 1 June 2005.