Student Loan Scheme Act 1992

89 Interpretation

• In this Part, unless the context otherwise requires,—

  amnesty application date, in respect of a borrower, means the date on which the Commissioner receives an amnesty application from the borrower under section 93(1)(a)(i)

  amnesty condition means the conditions set out in sections 94 to 97 and 100, as applicable

  late payment penalties—

  • (a) means any penalty that was charged under section 44 (despite being cancelled under section 91); and

  • (b) includes any penalty that would have been charged under section 44 if section 90 had not been enacted

  non-resident repayment obligation means a repayment obligation assessed under Part 3 before that Part was repealed and substituted with a new Part 3 by section 10 of the Student Loan Scheme Amendment Act 2007

  off-set means to apply towards, and not necessarily to eliminate (for example, if a person has already made repayment deductions of $400, and this Part provides that an amnesty payment obligation of $500 may be off-set against those repayment deductions, $100 is left to pay)

  old amnesty means the amnesty provided under sections 45A to 45D before their repeal by section 21 of the Student Loan Scheme Amendment Act 2007

  old repayment obligation means every repayment obligation that was assessed by the Commissioner in respect of a period before 1 April 2007, or that should have been assessed by the Commissioner in respect of any such period if section 90 had not been enacted (whether a non-resident repayment obligation or a resident repayment obligation)

  resident repayment obligation means a repayment obligation assessed under Part 2 before that Part was amended by the Student Loan Scheme Amendment Act 2007.

  Section 89: substituted, on 1 April 2007, by section 40 of the Student Loan Scheme Amendment Act 2007 (2007 No 13).