Incurring FEE-HELP debts

(1)

A person incurs a debt to the Commonwealth if, under section 110-1, the Commonwealth:

(a) makes a loan to the person; and

(b) uses the amount lent to make a payment in discharge of the person's liability to pay the ^* tuition fee for a unit of study.

The debt is a FEE-HELP debt .

(2)

The amount of the ^* FEE-HELP debt is:

(a) if the loan relates to ^* FEE-HELP assistance for a unit of study that forms part of an undergraduate ^* course of study—an amount equal to 120% of the loan; or

(b) if paragraph (a) does not apply—the amount of the loan.

When FEE-HELP debts are incurred

(3)

The ^* FEE-HELP debt is taken to have been incurred immediately after the ^* census date for the unit, whether or not the Commonwealth has made a payment in respect of the ^* tuition fee.

Remission of FEE-HELP debts

(4)

A person's ^* FEE-HELP debt in relation to a unit of study is taken to be remitted if the person's ^* FEE-HELP balance is re-credited under section 104-25 in relation to the unit.