Federal Register of Legislation - Australian Government

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This instrument amends the Overseas Debtors Repayment Guidelines 2017 to insert a definition of ‘ATO Occupation Code’, and substitutes subsection 7(2) with a method for calculating the standard deduction for an occupation by reference to the ATO Occupation Code, published by the ATO in June 2018. It also repeals the Higher Education (Occupation and Occupation Standard Deduction) Determination 2017.
Administered by: Education
Registered 29 Jun 2018
Tabling HistoryDate
Tabled HR13-Aug-2018
Tabled Senate13-Aug-2018
Table of contents.

Commonwealth Coat of Arms of Australia

 

Higher Education (Overseas Debtor Repayment) Amendment and Repeal Instrument 2018

 

Higher Education Support Act 2003

 

I, Simon Birmingham, Minister for Education and Training, make this instrument under subsection 238-10(1) of the Higher Education Support Act 2003 and subsection 7(2) of the Overseas Debtors Repayment Guidelines 2017.

 

 

 

 

Dated   27 June 2018

 

 

 

 

 

 

 

 

                  

_____________________________

SIMON BIRMINGHAM

Minister for Education and Training


 


Contents

1  Name........................................................................................................................................ 1

2  Commencement........................................................................................................................ 1

3  Authority.................................................................................................................................. 1

4  Schedules................................................................................................................................. 1

Schedule 1—Amendments and repeal                                                                        2

Overseas Debtor Repayment Guidelines 2017                                                                                 2

Higher Education (Occupation and Occupation Standard Deduction) Determination 2017 2

 

           


1  Name

                   This instrument is the Higher Education (Overseas Debtor Repayment) Amendment and Repeal Instrument 2018.

2  Commencement

             (1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  The whole of this instrument

1 July 2018.

1 July 2018

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

             (2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

                   This instrument is made under subsection 238-10(1) of the Higher Education Support Act 2003 and subsection 7(2) of the Overseas Debtors Repayment Guidelines 2017.

4  Schedules

                   Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1Amendments and repeal

  

Overseas Debtor Repayment Guidelines 2017

1  Subsection 4(1) (after definition of Act)

Insert:

ATO Occupation Code means the Salary and wage occupation codes 2018 published by the Australian Taxation Office in June 2018.

Note:   In 2018, the Salary and wage occupation codes 2018 was available at www.ato.gov.au.

2  Paragraph 7(1)(b)

Omit “, determined by the Minister under subsection (2),”

3  Subsection 7(2)

Omit the subsection, substitute:

             (2)  For paragraph (1)(b), the standard deduction for an occupation is:

                     (a)  if the occupation has an occupation code listed in the ATO Occupation Code—the median ratio of work-related expenses to employment-related income calculated by the Australian Taxation Office for the occupation with that occupation code; or

                     (b)  otherwise—nil.

4  Application of amendments

The amendments to the Overseas Debtor Repayment Guidelines 2017 made by this instrument apply in respect of any simple self-assessment method chosen (for working out person’s foreign-sourced income) after the commencement of this instrument.

 

Higher Education (Occupation and Occupation Standard Deduction) Determination 2017

5  Repeal

Repeal the instrument.