Prior to her employment, Sarah was enrolled in a university degree course using a HELP loan. She started working in a small designing company in the $2017/18$ financial year and earned a gross wage of $$52,500.$ Based on her income level then, she was advised not to repay any HELP loan.

In the current financial year, she has again earned a gross wage of $$52,500.$ However, she heard that the government is reforming the HELP repayment system and this year she may be liable for repayment.

Using information from reliable sources, compare the HELP repayment requirement for both $2017/18$ and the current financial year. Explain the tax impact of the new requirement on Sarah$$s income. Advise Sarah if she had any new tax liabilities in this financial year.

o Show your workings for any calculations, and

o Include links to the sources that you used to assist you with answering this question

o At least one source is required.