Higher Education Support Act 2003
This section applies in relation to the following amounts (each of which is an indexable amount ): (a) the * minimum repayment income; (b) the amount mentioned in paragraphs 154-20(2)(a) and (b) .
154-25(2)
At the start of each * income year (an indexation year ) after the 2025-26 income year, each indexable amount is replaced by the amount worked out using the following formula:
where:
| Indexable amount for the 2025-26 income year | × | AWE for the indexation year | |
| AWE for the 2025-26 income year |
AWE
, for an income year, is the number of dollars in the sum of:
(a) the average weekly earnings for all employees (total earnings) for the reference period in the * quarter ending on 31 December immediately before the income year, as published by the * Australian Statistician; and
(b) the average weekly earnings for all employees (total earnings) for the reference period in the quarter ending on 30 June that is immediately before the quarter referred to in paragraph (a), as published by the Australian Statistician.
154-25(3)
If an amount worked out under subsection (2) is an amount made up of dollars and cents, round the amount down to the nearest dollar.
Publication of indexation amounts
154-25(4)
The Minister must cause to be published in the Gazette , before the start of an indexation year, the replacement indexable amount for the indexation year. However, a failure by the Minister to do so does not invalidate the indexation.
Definitions
154-25(5)
In this section:
reference period
, in a
*
quarter, is the period described by the
*
Australian Statistician as the pay period ending on or before a specified day that is the third Friday of the middle month of that quarter.
S 154-25 substituted by No 30 of 2025, s 3 and Sch 2 item 6, effective 3 August 2025 and applicable in relation to the 2025-26 income year and later income years. S 154-25 formerly read:
are indexed by multiplying the corresponding amounts for the 2019-20 income year by the amount worked out using the formula:
SECTION 154-25 Indexation
154-25(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;
The sum of the
*
CPI index numbers for the
*
quarter ending on 31 December immediately before the income year and the 3 quarters immediately preceding that quarter
The sum of the
*
CPI index numbers for the
*
quarter ending on 31 December immediately before the 2019-20 income year and the 3 quarters immediately preceding that quarter
View history note
Hide history note154-25(2)
(Repealed by No 76 of 2018)
154-25(3)
(Repealed by No 76 of 2018)
154-25(4)
If an amount worked out under this section is an amount made up of dollars and cents, round the amount down to the nearest dollar.
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