(1) The Minister may, by notice in the Gazette, declare that any allowance to which section 307AB applies is a bonded scholarship.
(2) The effect of declaring an allowance to be a bonded scholarship is that, under section 7 of the Student Loan Scheme Act 2011, the Student Loan Scheme Act 2011 applies to enable the recovery of money in accordance with the terms of the scholarship.
Section 307AC: inserted, on 17 May 2006, by section 50 of the Education Amendment Act 2006 (2006 No 19).
Section 307AC(1): substituted, on 20 September 2007, by section 7(1) of the Education Amendment Act 2007 (2007 No 52).
Section 307AC(2): amended, on 1 April 2012, by section 223 of the Student Loan Scheme Act 2011 (2011 No 62).
Section 307AC(2): amended, on 20 September 2007, by section 7(2) of the Education Amendment Act 2007 (2007 No 52).