Commonwealth Consolidated Acts

HIGHER EDUCATION FUNDING ACT 1988 - SECT 106Y

             (1)  Any money paid by a person to meet the person's debts to the Commonwealth under this Chapter is to be applied in payment of those debts as directed by the person.

             (2)  If:

                     (a)  the person has not given any directions; or

                     (b)  the directions given do not adequately deal with the matter;

any money available is to be applied as follows:

                     (c)  first, in discharge or reduction of any HEC assessment debts of the person;

                     (d)  secondly, in discharge or reduction of any accumulated HEC debt of the person;

                     (e)  thirdly, in discharge or reduction of:

                              (i)  any semester debt of the person; or

                             (ii)  if there is more than one such debt, those debts in the order in which they were incurred; or

                      (f)  fourthly, in discharge or reduction of:

                              (i)  any HELP debt of the person; or

                             (ii)  if there is more than one such debt, those debts in the order in which they were incurred.

             (3)  In this section:

"HELP debt" has the same meaning as in the Higher Education Support Act 2003 .