Dealing with disputed Financial Supplement Loan (FSL) repayments 102-15010030

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

This page contains links to policy and legislation.

Policy

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

Social Security Guide, 3.8.4.30, Determining the Amount of the Financial Supplement

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

Waiver of debt mechanism

Department of Finance, Finance Circular 2009/09, Discretionary Compensation and Waiver of Debt Mechanisms

Legislation

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

General legislation for 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

Repayment of FSL prior to transfer to the Australian Taxation Office (ATO) for Austudy, PES and Youth Allowance (YA)

Social Security Act 1991

• section 1061ZZCN, Effect of making a repayment during contract period
• section 1061ZZEY, Voluntary repayments of Financial Supplement debts

Repayment of FSL after transfer to the ATO for Austudy, PES and Youth Allowance (YA)

Social Security Act 1991

• section 1061ZZEZ, Compulsory payments in respect of accumulated Financial Supplement debt
• section 1061ZZFC, Repayable debt for an income year
• section 1061ZZFD, Amounts payable to the Commonwealth

Debt waiver powers

Public Governance, Performance and Accountability Act 2013, section 63, Waiver of amounts owing to the Commonwealth