Student loan scheme - repayment and interest write-off thresholds for the 2004- 05 tax year
Order in Council increases the student loan scheme repayment threshold to $16,588 for the 2005-06 tax year.
The student loan scheme repayment threshold, which sets the income level at which compulsory repayments begin, will increase from its current level of $16,172 to $16,588 for the 2005-06 tax year.
The student loan scheme interest write-off threshold, which sets the level of income that part-time or part-year students may have and still be entitled to a full interest write-off, will increase from its current level of $26,140 to $26,799 for the 2005-06 tax year.
These thresholds are reviewed annually in December each year. They have been inflation adjusted by the forecast of the annual movement in the December CPI contained in the December Economic Fiscal Update and, in the case of the repayment threshold, rounded up so that it is divisible into whole dollars on a weekly basis.
Student Loan Scheme (Repayment Threshold) Regulations 2004
Student Loan Scheme (Income Amount for Full Interest Write-off) Regulations 2004