Commonwealth Consolidated Acts

HIGHER EDUCATION SUPPORT ACT 2003 - SECT 104.15

             (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 and * VET 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 or Subdivision 7-B of Schedule 1A--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.

             (2)  To avoid doubt, the sum referred to in paragraph (1)(a) includes amounts of * FEE-HELP assistance and * VET FEE-HELP assistance that have been repaid.