Transitional regulations cover changes made by the Student Loan Scheme Amendment Act 2013 and remedy unforeseen transitional matters.
Schedule 6, clause 17
Regulations may be made by Order in Council to remedy unforeseen transitional matters relating to the transition to the changes made by the Student Loan Scheme Amendment Act 2013.
Numerous changes have been made to the Student Loan Scheme Act 2011. Many are very complex, involving changes to amendments made by previous legislation that were not yet in force, the repeal of existing provisions and inter-relationships between provisions that are being amended at different times.
Due to the complexity of the changes, there may be potential for situations to arise, in the course of transitioning to the changes made by the Student Loan Scheme Amendment Act 2013 that are unintended or not provided for.
Providing for transitional regulations similar to those provided under the Student Loan Scheme Act 2011 for the transition from the Student Loan Scheme Act 1992 will enable these situations to be remedied quickly.
Regulations may be made by Order in Council on the recommendation of the Minister of Revenue for the smooth transition to the changes made to the Student Loan Scheme Act 2011.
Regulations can only be made if the Minister is satisfied that the proposed regulations:
- are reasonably necessary for the purpose of facilitating or ensuring an orderly transition to the changes made by the amendment Act, and
- are consistent with the purposes of the Student Loan Scheme Act 2011.
Any transitional regulations made must be revoked the earlier of:
- 3 years after the date the regulations are made, and
- the close of 31 March 2018.
Transitional regulations may only be made before 1 April 2018.
The amendments apply from the day after Royal assent, being 30 March 2013 and will be repealed on 1 April 2018.