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Section 23AA - VET Student Loans Act 2016 - Simplified outline of this Part — Zoe

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VET Student Loans Act 2016

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#### 23AA Simplified outline of this Part Loans that the Secretary approves and uses to pay tuition fees for a person are repayable under this Part. A person incurs a debt (called a VETSL debt) each time a loan amount is used to pay tuition fees for the person. Each of those debts is then incorporated into a single debt called the person’s accumulated VETSL debt. An accumulated VETSL debt can be repaid in 2 ways: (a) by making voluntary repayments; or (b) by making compulsory repayments (based on the person’s income) through the income tax system.

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