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Initial Fair Value Write-Down Relating to Student Loans (M57)

Scope of Appropriation

This appropriation is limited to the initial fair value write-down of student loans.

Reasons for Change in Appropriation

The increase in this appropriation of $44 million from $646 million to $690 million in 2015/16 is due to an increase in the lending forecast which increases the initial fair value write-down relating to student loans.

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