HIGHER EDUCATION FUNDING ACT 1988

CHAPTER 5 - OPEN LEARNING DEFERRED PAYMENT SCHEME  

PART 5.2 - CHARGES  

Division 1 - Payment of basic charges  

SECTION 104   BASIC CHARGE  

104(1)    
The basic charge for a unit of study is the lesser of:

(a) the statutory amount, worked out under this section; and

(b) the amount that the Agency charges for the unit.

104(2)    
The statutory amount is $332 for 1997.

104(3)    
The statutory amount for a later year is worked out by:

(a) multiplying the statutory amount for the year before that later year by the factor that applies to the later year under subsection 40(3) ; and

(b) disregarding any cents.

104(4)    
For each year from 1998 onwards, the Minister must:

(a) work out the statutory amount for the year concerned; and

(b) before the start of the year, publish a notice in the Gazette specifying the statutory amount and the factor that was used to work it out.