Consequential amendments

(Clauses 6, 12, 25, 28, 32 and 34)

The bill also makes a number of minor technical amendments to the Student Loan Scheme Act 2011. These amendments relate to:

Ensuring that where relief from late payment interest is provided, any amounts already paid are offset against any unpaid amount before being available for refund.
The description of the objection process and the timeframe for objections that is required to be included in the contract provided to borrowers.
Minor technical changes to the provision dealing with the imposition of the administration fee to ensure that borrowers are charged an administration fee if they have a loan balance or student loan debt of $20 or more.
A minor error in a date whereby instead of excluding refunds of overpayments made before 1 April 2006 as intended, the amendment incorrectly referred to overpayments before 31 March 2006.
The application date of sections 170A and 173A of the Student Loan Scheme Act 2011, which should apply from 1 March 2012 instead of 1 April 2012.
Ensuring that a significant over-deduction can be offset against a significant under-deduction before being refunded to the borrower. If a borrower had too much deducted in one period and not enough in another, the over-deduction could be used to satisfy the under deduction.