What is sfss

Interests may apply. Small and micro businesses are the ones more qualified for this debt program than their large-scale counterparts. To know more about this program for businesses, you may visit the Australian Financial Security Authority website or contact a registered Australian financial counsellor to get expert advice on this debt option.

The program was mostly utilised by tertiary students who are seeking financial supplements for higher education.

The loans in this specific program were designed to assist students who wanted to study in college without having to worry about the burden of expensive tuition fees.

The scheme had guidelines that include adjustments for cost of living expenses, student income level, and an option to opt-out of paying while still in school. Since July , a new supplement debt program has been set to replace the older program, the former having stricter limitations on the repayment period and having more concrete policies on income levels required for repayment during contract periods.

Borrowers, particularly those classified under the SFSS, have the option to opt-out of paying while still in school. However, by making payments within the loan contract period, borrowers can earn a bonus or reduction in interest. This incentive was implemented to help generate consistent income for the government while making sure that the borrowers pay back.

Repayment is usually coursed through the taxation system for compulsory repayments. Are you currently enrolled in the financial supplement debt?

Thanks editor taxfp. Who are the financial advisers? Will your money last as long as you do? Year Indexation rate 0. Prior Years — Compulsory Repayments. Abbreviation » Term. Term » Abbreviation. Word in Term. Term » Abbr. Filter by: Select category from list Couldn't find the full form or full meaning of SFSS?

Notify me of new comments via email. Cancel Report. Create a new account. The SFSS was paid fortnightly. Policy reference: SS Guide 1. This means that no new loans are available under this scheme from 1 January