73AWhen Secretary must re‑credit HELP balance—discharge or reduction of debt

#### 73A When Secretary must re‑credit HELP balance—discharge or reduction of debt Payment made in discharge of VETSL debt (1) If, during: (a) the financial year starting on 1 July 2019; or (b) a later financial year; a payment was made in discharge of the whole or a part of a debt that a person owes to the Commonwealth under Part 3A, the Commissioner must: (c) notify the payment to the Secretary; and (d) do so as soon as practicable after the end of that financial year. > Note 1: The payment may be a voluntary repayment. > Note 2: The payment may be in the form of the application of an amount against the debt. (2) If the Secretary is so notified, the Secretary must re‑credit the person’s HELP balance with an amount equal to the amount of the payment. Reduction in certain VETSL debts etc. (3) If an amount is reduced from: (a) a person’s VETSL debt because of the operation of section 23BAA; or (b) a person’s accumulated VETSL debt or former accumulated VETSL debt because of the operation of section 23CCA; the Commissioner must notify the amount reduced to the Secretary as soon as practicable. (4) If the Secretary is so notified, the Secretary must re‑credit the person’s HELP balance with an amount equal to the amount reduced. > Note: Re‑crediting under this Division does not have the same effect as re‑crediting under Division 2 or 3 (re‑crediting under those Divisions results in remission of the debt concerned: see section 23BA). For debts incurred before 1 July 2019, see section 137‑19 of the Higher Education Support Act 2003 (which applies unless an amount is re‑credited under section 128‑25 of that Act).