Federal Register of Legislation - Australian Government

Primary content

Act No. 14 of 1990 as made
An Act to impose a charge on certain non-citizen students choosing to pay charge imposed under the Overseas Students Charge Act 1979 by instalments
Date of Assent 17 Jan 1990
Date of repeal 22 Sep 1999
Repealed by Statute Stocktake Act 1999

Overseas Students (Instalment Payments)

Charge Act 1989

No. 14 of 1990

 

An Act to impose a charge on certain non-citizen students choosing to pay charge imposed under the Overseas Students Charge Act 1979 by instalments

[Assented to 17 January 1990]

BE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:

Short title

1.   This Act may be cited as the Overseas Students (Instalment Payments) Charge Act 1989.

Commencement

2.   This Act commences, or is to be taken to have commenced, on 1 January 1990.

Collection Act to be read with this Act

3.   The Collection Act is to be read as one with this Act.


 

Interpretation

4.   In this Act:

“Collection Act” means the Overseas Students Charge Collection Act 1979;

“first payment day” has the same meaning as it has in section 4 of the Collection Act;

“instalment charge” means the charge imposed by this Act;

“overseas student charge” means a charge imposed by the Overseas Students Charge Act 1979;

“second payment day” has the same meaning as it has in section 4 of the Collection Act.

Imposition of charge

5.   Where:

(a) an overseas student charge may be paid in 2 equal instalments pursuant to section 4 of the Collection Act; and

(b) the first instalment is paid;

a charge is imposed on the student in respect of the second instalment.

Rate of charge

6.   The amount of instalment charge imposed by this Act in respect of the second instalment of overseas student charge is an amount worked out using the following formula:

CBR   ×   ND   ×   AO

 365

where:

“CBR” [Commonwealth Bond Rate] means the 3-year indicator Commonwealth bond rate, expressed as a percentage, as at 1 February in the year in respect of which the overseas student charge is imposed;

“ND” [Number of Days] means the number of days between the first payment day and the second payment day;

“AO” [Amount Outstanding] means an amount equal to half the amount of the overseas student charge.

 

[Minister's second reading speech made in

House of Representatives on 21 December 1989

Senate on 21 December 1989]