Higher Education Support Act 2003

Chapter 5 - Administration  

PART 5-6 - INDEXATION  

Division 198 - Indexation  

SECTION 198-10   Indexing amounts  

198-10(1)    


An amount is indexed on 1 January each year, by multiplying it by the *indexation factor for the year.

198-10(2)    
However an amount is not indexed if its *indexation factor is 1 or less.

198-10(3)    


If an amount worked out under subsection (1) is an amount made up of dollars and cents, round the amount down to the nearest dollar.



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