4Definitions

4 Definitions

Note: A number of expressions used in this instrument are defined in section 5 of the Act, including the following:

(a) approved form;
(b) Australian Apprenticeships Priority List;
(c) Australian apprenticeship support loan;
(d) Australian resident;
(e) Commissioner;
(f) designated State/Territory training authority;
(g) income tax law;
(h) income year;
(i) instalment period;
(j) minimum repayment income;
(k) qualifying apprenticeship;
(l) relevant instalment period;
(m) Secretary;
(n) undertaking.

In this instrument:

Act means the Australian Apprenticeship Support Loans Act 2014.

approved training contract means a training contract that has been approved by a designated State/Territory training authority.

assessable income has the same meaning as in subsection 995‑1(1) of the Income Tax Assessment Act 1997.

ATO Occupation Code means the document entitled “Salary and wage occupation codes 2023” that the Australian Taxation Office published in 2023.

Note: In 2023, the salary and wage occupation codes 2023 could be accessed at ato.gov.au/forms/Salary-and-wage-occupation-codes-2023/.

Australian Qualifications Framework has the same meaning as in section 6 of the VET Student Loans Act 2016.

Australian source has the same meaning as in subsection 995‑1(1) of the Income Tax Assessment Act 1997.

commencement date means the day on which a person is taken to have commenced employment under an approved training contract, as notified to the Secretary or the Department by a designated State/Territory training authority.

financial year has the same meaning as in subsection 995‑1(1) of the Income Tax Assessment Act 1997.

foreign currency has the same meaning as in subsection 995‑1(1) of the Income Tax Assessment Act 1997.

in gaol has the same meaning as in the Social Security Act 1991.

National Register has the same meaning as in the National Vocational Education and Training Regulator Act 2011.

ordinary income has the same meaning as in subsection 995‑1(1) of the Income Tax Assessment Act 1997.

provisional commencement date means the day on which a person is taken to have commenced employment under a provisional training contract, as specified in that provisional training contract.

provisional training contract means a training contract that has been submitted to, but not yet been approved by, a designated State/Territory training authority.

recommencement date means the day on which a person is taken to have: