Higher Education Support Legislation Amendment (Student Loan Sustainability) Act 2018 (76 of 2018)

Schedule 1   Repayment thresholds

Part 2   Amendments relating to indexation

Higher Education Support Act 2003

9   Subsection 154-25(1)

Repeal the subsection, substitute:

(1) The following amounts for the 2020-21 *income year, or a later income year:

(a) the *minimum repayment income;

(b) the amounts referred to in paragraph (a) of the second column of items 1 to 17 of the table in section 154-20;

are indexed by multiplying the corresponding amounts for the 2019-20 income year by the amount worked out using the formula:

Formula to index the repayment amounts for 2020-21 or a later income year