Commonwealth Consolidated Acts

STUDENT ASSISTANCE ACT 1973 - SECT 12H

             (1)  The payment of financial supplement to a person will, as mentioned in subsection 12A(2), reduce the person's entitlement to certain other benefits under the ABSTUDY scheme in accordance with subsection (2).

             (2)  If:

                     (a)  apart from this section a person would be entitled to a prescribed benefit under the ABSTUDY scheme in respect of a year or a part of a year; and

                     (b)  an application by the person to a participating corporation for financial supplement in respect of that year or that part of that year is accepted by the corporation in accordance with section 12K;

the benefit referred to in paragraph (a) is reduced by an amount equal to one‑half of the amount of the financial supplement paid to the person.

             (3)  If, apart from this subsection, the amount by which a benefit would be reduced by subsection (2) is an amount of dollars and cents and the cents include a half of one cent, the amount is increased by a half of one cent.