Repayment of Financial Supplement loan (FSL) prior to transfer to the Australian Taxation Office (ATO) 102-15010010

Policy

Since the closure of the SFSS Scheme on 31 December 2003, no SFSS Policy exists in the new ABSTUDY Policy Manuals.

Social Security Guide, 3.8.4.70, Repayment of the Financial Supplement - Before the Contract Ends

Social Security Guide, 3.8.4.80, Repayment of the Financial Supplement - After the Contract Ends

Legislation

Links to the Federal Register of Legislation site go to a 'Series' page. Select the ‘Latest’ version.

ABSTUDY and ABSTUDY Pensioner Education Supplement (PES)

Student Assistance Act 1973, section 12ZA, Rights of student during contract period to make repayments in respect of financial supplement

Austudy, Pensioner Education Supplement (PES) and Youth Allowance (YA)

Social Security Act 1991

• section 1061ZZCJ, Person not required to, but may, make repayments during contract period
• section 1061ZZCN, Effect of making a repayment during contract period
• section 1061ZZCL, Amount repaid not to include certain amounts
• section 1061ZZCM, How to work out discount
• section 1061ZZEY, Voluntary repayments of FS debts