HIGHER EDUCATION FUNDING ACT 1988 - SECT 106K OL study period debt

HIGHER EDUCATION FUNDING ACT 1988 - SECT 106K

  (1)   When the Commonwealth under section   106D:

  (a)   makes a loan to a person; and

  (b)   uses the amount lent to pay the basic charges that are payable by the person to the Agency in respect of units of study for which the person is enrolled in respect of a study period;

the person incurs an OL study period debt to the Commonwealth equal to the amount of the loan.

  (2)   The OL study period debt is taken to have been incurred immediately after the census date for the study period, whether or not the Commonwealth has made a payment to the Agency in respect of the charges.