106YApplication of payments

106Y Application of payments

(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.