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 intended only as a guide to social security payments. 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.T.120 Trade back 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 back amount is an amount of YA, Austudy or PES already received by a Category 1 student (1.1.C.70) that they repay in order to increase their financial supplement (1.1.F.140) amount.

Any payments already paid to the student which later form part of the amount traded in for a financial supplement becomes part of the financial supplement debt of the student.

Act reference: SSAct Chapter 2B Student Financial Supplement Scheme

Policy reference: SS Guide 1.1.T.130 Trade in amount (SFSS)

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