1.1.R.20 Real rate of interest (SFSS)

Note

No new financial supplement loans are available from 1 January 2004.

For existing loans, a person's loan repayment arrangements will continue unchanged. Remaining loans will be collected via the taxation system.

The following SFSS guideline references remain for historical purposes.

Definition

For the purposes of the SFSS, the 'real rate of interest' is the interest rate charged by the CBA on the outstanding financial supplement (1.1.F.140) debt that is paid to the bank by the Commonwealth.

Act reference: SSAct Chapter 2B Student Financial Supplement Scheme

Last reviewed: 12 August 2019