1.1.T.130 Trade in amount (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, trade-in amount is an amount of YA, Austudy and PES, that a student chooses to trade-in in return for a Category 1 financial supplement (1.1.F.140). The amount of trade-in will be HALF the amount the student wishes to receive as a financial supplement.

Act reference: SSAct Chapter 2B Student Financial Supplement Scheme

Policy reference: SS Guide 1.1.T.120 Trade back amount (SFSS)

Last reviewed: 12 August 2019