Bills Digest No. 28 2003-04
Amendment Bill 2003
This Digest was prepared for debate. It reflects the legislation as
introduced and does not canvass subsequent amendments. This Digest
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Student Assistance Amendment
26 June 2003
House: House of Representatives
and Community Services
To close the Student Financial Supplement
Scheme in respect of ABSTUDY students from 1 January 2004.
To amend provisions relating to regulation
The Student Financial Supplement Scheme (SFSS)
was introduced in 1993 so that Austudy and Abstudy students could
gain access to more financial support than those payments offered,
in the form of a loan.
A more detailed treatment of the loan scheme
and the view of it taken by the political parties and other
interest groups is provided in the digest for the Family and
Community Services (Closure of Student Financial Supplement Scheme)
Bill 2003. That Bill closes the scheme for Youth Allowance, Austudy
payment and Pensioner Education Supplement recipients.
Item 3 of Schedule 1 inserts
new Division 1A into Part 4A of the Student
Assistance Act 1973. Proposed section 12AA of
the new Division closes the SFSS to applicants from 1 January 2004.
Items 1-2 and 4-5 make amendments
consequential to this closure.
Item 1 of Schedule
2 inserts proposed subsection 48(2) into
the Student Assistance Act 1973. It has the effect of
broadening the regulation making power under the Act.
10 September 2003
Bills Digest Service
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