APRA finalises targeted changes to the treatment of HELP debts

The Australian Prudential Regulation Authority (APRA) has finalised targeted changes to how authorised deposit-taking institutions (ADIs) treat Higher Education Loan Program (HELP) debt repayments when assessing home loan applications.

A response letter, the final revised reporting standard and final revised prudential practice guide are available on the APRA website at: Clarifying the treatment of Higher Education Loan Program debt obligations.

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