DEPARTMENT OF SOCIAL SERVICES
NOTIFICATION UNDER THE SOCIAL SECURITY ACT 1991 AND THE STUDENT ASSISTANCE ACT 1973
The following notice specifies the repayment incomes and repayment rates for the Student Financial Supplement Scheme (SFSS) for the financial year 1 July 2014 to 30 June 2015. The repayment income and rates have been determined according to subsection 12ZLC of the Student Assistance Act 1973 and subsection 1061ZZFD of the Social Security Act 1991.
For repayment income in the range: |
Percentage rate to be applied to repayment income: |
Below $53,345 | Nil |
$53,345 to $65,497 | 2.0% |
$65,498 to $92,970 | 3.0% |
$92,971 and above | 4.0% |