Hardship relief

The Student Loan Scheme Act has been amended to correct an unintended change made by the Student Loan Scheme Amendment Act 2007. That change limited the years for which relief from payment of a borrower's repayment obligations could be granted to the current year and the years either side.

Sections 54, 55, 55A, 55B, 55C and 55D of the Student Loan Scheme Act 1992

The Student Loan Scheme Act has been amended to correct an unintended change made by the Student Loan Scheme Amendment Act 2007. That change limited the years for which relief from payment of a borrower's repayment obligations could be granted to the current year and the years either side. This amendment restores the position that previously applied and allows hardship relief to be granted in respect of any earlier year. However, any amount paid in respect of an earlier year before the immediately prior tax year may not be refunded.

Application date

The amendments apply from the day after Royal assent - 7 March 2010.