Australian Apprenticeship Support Loans Act 2014
26Simplified outline of this Part
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26 Simplified outline of this Part
Australian apprenticeship support loan that is paid to a person must be repaid by the person through the tax system, after the person’s income reaches a certain threshold.
Each time a person receives an instalment of Australian apprenticeship support loan, the person incurs a debt called an AASL debt (except in certain circumstances when the loan is recoverable as an overpayment debt under Part 4.3 of this Act).
Each AASL debt is incorporated into the person’s accumulated AASL debt. This accumulated AASL debt forms the basis for working out the amounts the person is obliged to repay.