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Student Loan Scheme Act 2011

Repayment obligations of borrowers - Overseas-based borrowers' repayment obligations - Assessment of overseas-based repayment obligation

109: Assessments for years in which borrower is overseas-based

You could also call this:

“Figuring out your student loan payments when you live overseas”

When you live overseas and have a student loan, the government needs to work out how much you should pay back each year. They do this as soon as they know you’re living overseas. They look at each year, or part of a year, that you’re away.

The government can use any information they think is important to figure out how much you should pay. They have to follow the rules in the law and your loan agreement when they do this. If the rules and your loan agreement don’t match, they follow what it says in Section 203.

After they work out how much you need to pay, they’ll send you a letter. This letter will tell you how much you need to pay for the year, when you need to pay it, and how much to pay each time. They won’t send you a letter if you don’t need to pay anything.

You can find out more about when you need to make payments in Section 112.

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Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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108A: Borrowers who have had, or are having, temporary repayment suspensions under Student Loan Scheme Act 1992, or

"Rules for people with pauses in student loan repayments from the old law"

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110: Repayment obligations of overseas-based borrowers, or

"How much you need to pay back on your student loan if you live overseas"

Part 2 Repayment obligations of borrowers
Overseas-based borrowers' repayment obligations: Assessment of overseas-based repayment obligation

109Assessments for years in which borrower is overseas-based

  1. The Commissioner must assess the amount (if any) of a borrower's overseas-based repayment obligation for a tax year as soon as practicable after being notified that, or becoming aware that, the borrower is or was overseas-based.

  2. The Commissioner must assess the amount of a borrower's overseas-based repayment obligation for each tax year, or part of a tax year, during which the borrower is or was overseas-based.

  3. In making an assessment under this section, the Commissioner may have regard to any information that the Commissioner considers to be relevant.

  4. The assessment must be made in accordance with this subpart and the loan contract.

  5. Section 203 applies if there is an inconsistency between this subpart and the loan contract.

  6. The Commissioner must, as soon as practicable after making an assessment, notify the borrower in writing of—

  7. the borrower's overseas-based repayment obligation for the tax year; and
    1. the due dates on or before which the overseas-based repayment obligation must be paid (see section 112); and
      1. the amounts that must be paid on or before those due dates.

        1. Subsection (6) does not apply if the amount assessed is zero.

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