Glossary beginning with H

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Higher education contribution scheme (HECS) search for term

A system that supplemented funding of the Australian education system. It was incorporated with other loans into the Higher education loan program (HELP) on 1 January 2005.

Higher education loan program (HELP) search for term

The Australian Government contributes towards the education of eligible students by funding government-supported places at universities. Eligible students may be able to study now and pay later by using a HELP loan to pay their student contribution.

  • Fact 22

    The changeover to decimal currency in 1966 created a massive amount of work for the ATO. In NSW alone, staff manually converted 200,000 accounts worth $450 million.

Youth Allowance

An Australian Government payment to a young person who is undertaking study, training or an apprenticeship, is sick or is looking for work.

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