Budget Savings (Omnibus) Act 2016 (55 of 2016)

Schedule 2   Indexation of higher education support amounts

Higher Education Support Act 2003

2   Subsection 198-15(1) (formula)

Repeal the formula, substitute:

Indexation formula in subsection 198-15(1) of the Higher Education Support Act 2003

where:

December base quarter means the *quarter ending on the 31 December that is 2 years and a day before the relevant 1 January.

December reference quarter means the *quarter ending on the 31 December that is a year and a day before the relevant 1 January.