Student loan scheme - repayment percentage

The Student Loan Scheme (Repayment Percentage) Regulations 2012 increases the repayment percentage from 10% to 12% for the purposes of the Student Loan Scheme Act 2011.

This increase was announced in Budget 2012 and will come into force on 1 April 2013.

This has the effect of increasing the repayment rate for borrowers with salary or wage income or adjusted net income (for example, business income, rental income and interest) that is over the relevant thresholds to 12 cents in the dollar.

Student Loan Scheme (Repayment Percentage) Regulations 2012