The Guides to Social Policy Law is a collection of publications designed to assist decision makers administering social policy law. The information contained in this publication is intended only as a guide to relevant legislation/policy. The information is accurate as at the date listed at the bottom of the page, but may be subject to change. To discuss individual circumstances please contact Services Australia.

1.1.P.410 Principal (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 'principal' is the amount of financial supplement (1.1.F.140) actually paid to a student by the CBA plus any trade back amount (1.1.T.120), for a particular year.

Act reference: SSAct Chapter 2B Student Financial Supplement Scheme

Last reviewed: 6 November 2023

The Australian Government acknowledges Aboriginal and Torres Strait Islander peoples throughout Australia and their continuing connection to land, water, culture and community. We pay our respects to the Elders both past and present.