27AASL debts

27 AASL debts

(1) If an instalment of Australian apprenticeship support loan is paid to a person, the person incurs, on the relevant day, an AASL debt to the Commonwealth of an amount equal to the amount of the instalment. (1A) For the purposes of subsection (1), the relevant day is: (a) unless paragraph (b) applies—the day the instalment is paid; or (b) if the instalment should have been paid on or before 1 June 2025 but was paid after 1 June 2025 as a result of an administrative error—1 June 2025. (2) Subsection (1) does not apply to an instalment or part of an instalment if the amount of the instalment or part is an overpayment debt.