Element E414 - HELP Debt
This content is archived and may no longer be accurate
Description
The HELP debt amount due
Input Packets
Packets/Groups it appears in:
NIL
Validations
NIL
Scheduled Validations
NIL
Retired
Format
| Code category | Element (E) |
|---|---|
| Element # | 414 |
| Element Type: | Integer |
| Width: | 5 |
| Version Revision Date: | |
| Version: | 2.00 |
| Years version active: | 2018 |
Allowable Values
| CODE | MEANING |
|---|---|
| 00001 to 99999 | Liability amount truncated in dollars, with cents disregarded. |
Values less than 10000 must have leading zeros, NOT spaces. For example, 585 is to be expressed as "00585".
The value reported must also include the loan fee where appropriate.
The HELP debt to be reported is calculated thus:
(i) HECS‑HELP
- If Element 490 (Student status code) = 110 or 201 then calculate the "real value" of Element 381 (Amount paid up front) thus:
For all records on the Student Load /Liability file for a student /course of study / unit of study census date, sum all values for Element 381 (Amount paid up front) and Element 384 (Total amount charged), then;
- If the summed values of Element 381 (Amount paid up front) is greater than or equal to $500, then the "real value" of Element 381 is (Element 381 times 1.25)
- If the summed values of Element 381 (Amount paid up front) is less than $500,
- and the summed values are 80% of the summed values for Element 384 (Total amount charged), then the "real value" of Element 381 is (Element 381 times 1.25).
- and the summed values are less than 80% of the summed values for Element 384 (Total amount charged), then the "real value" of Element 381 is equal to Element 381.
- Subtract the "real value" of Element 381 (Amount paid up front) from Element 384 (Total amount charged) to get the "residual debt" for the Student Load/Liability records.
(ii) FEE‑HELP
- If Element 490 (Student status code) equals 220, 230, 231, 232, or 233 and Element 381 (Amount paid up front) is less than Element 384 (Total amount charged), then the "residual debt" is calculated thus:
- Subtract Element 381 (Amount paid up front) from Element 384 (Total amount charged) and add the value reported for Element 529 (Loan fee).
(iii) OS‑HELP
- If Element 490 (Student status code) equals 240, and Element 528 (Amount of OS‑HELP payment) is greater than zero, then add the value reported for Element 528 (OS‑HELP Debt amount) and the value reported for Element 529 (Loan fee).
Summary
Element 414 was included in the original Higher Education student data collection in 1989. It continued as part of the Student data collection under the new policy and program initiatives introduced under the Higher Education Support Act 2003 (HESA).
This element is a department only code used for reporting to the Australian Taxation Office.
Table 1. Change control information with links to relevant versions 1
| First year version applied | Last year version applied | Version | Change | Reason for change | Notice date | Issue date |
|---|---|---|---|---|---|---|
| 2015 | 2018 | 2.00 | Re‑format document to conform with the department's application upgrade | Ministerial Notice document system upgrade | 22 May 2014 | 22 May 2014 |
| 2005 | 2014 | 1.00 | Coding and code meanings modified to support the policy and program initiatives under HESA 2003. | Implementation of HESA | 9 Dec 2004 | 9 Dec 2004 |
| Pre‑HESA: Element 414 was included in the original Higher Education student data collection in 1989. It continued as part of the student data collection under the new policy and program initiatives introduced under the Higher Education Support Act 2003. There have been no significant coding changes to this element. | ||||||
Note 1: A version of an element can be associated with one or more reporting years. Where there are multiple versions applicable to a reporting year, only a link to the latest version is provided.
