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

Schedule 1   Repayment thresholds

Part 1   General amendments

Higher Education Support Act 2003

2   Section 154-20 (table)

Repeal the table, substitute:

Applicable percentages

Item

If the person's repayment income is:

The percentage applicable is:

1

More than the *minimum repayment income, but less than:

(a) for the 2019-20 *income year - $52,974; or

(b) for a later income year - that amount indexed under section 154-25.

1%

2

More than or equal to the amount under item 1, but less than:

(a) for the 2019-20 *income year - $56,152; or

(b) for a later income year - that amount indexed under section 154-25.

2%

3

More than or equal to the amount under item 2, but less than:

(a) for the 2019-20 *income year - $59,522; or

(b) for a later income year - that amount indexed under section 154-25.

2.5%

4

More than or equal to the amount under item 3, but less than:

(a) for the 2019-20 *income year - $63,093; or

(b) for a later income year - that amount indexed under section 154-25.

3%

5

More than or equal to the amount under item 4, but less than:

(a) for the 2019-20 *income year - $66,878; or

(b) for a later income year - that amount indexed under section 154-25.

3.5%

6

More than or equal to the amount under item 5, but less than:

(a) for the 2019-20 *income year - $70,891; or

(b) for a later income year - that amount indexed under section 154-25.

4%

7

More than or equal to the amount under item 6, but less than:

(a) for the 2019-20 *income year - $75,145; or

(b) for a later income year - that amount indexed under section 154-25.

4.5%

8

More than or equal to the amount under item 7, but less than:

(a) for the 2019-20 *income year - $79,653; or

(b) for a later income year - that amount indexed under section 154-25.

5%

9

More than or equal to the amount under item 8, but less than:

(a) for the 2019-20 *income year - $84,433; or

(b) for a later income year - that amount indexed under section 154-25.

5.5%

10

More than or equal to the amount under item 9, but less than:

(a) for the 2019-20 *income year - $89,499; or

(b) for a later income year - that amount indexed under section 154-25.

6%

11

More than or equal to the amount under item 10, but less than:

(a) for the 2019-20 *income year - $94,869; or

(b) for a later income year - that amount indexed under section 154-25.

6.5%

12

More than or equal to the amount under item 11, but less than:

(a) for the 2019-20 *income year - $100,561; or

(b) for a later income year - that amount indexed under section 154-25.

7%

13

More than or equal to the amount under item 12, but less than:

(a) for the 2019-20 *income year - $106,594; or

(b) for a later income year - that amount indexed under section 154-25.

7.5%

14

More than or equal to the amount under item 13, but less than:

(a) for the 2019-20 *income year - $112,990; or

(b) for a later income year - that amount indexed under section 154-25.

8%

15

More than or equal to the amount under item 14, but less than:

(a) for the 2019-20 *income year - $119,770; or

(b) for a later income year - that amount indexed under section 154-25.

8.5%

16

More than or equal to the amount under item 15, but less than:

(a) for the 2019-20 *income year - $126,956; or

(b) for a later income year - that amount indexed under section 154-25.

9%

17

More than or equal to the amount under item 16, but less than:

(a) for the 2019-20 *income year - $134,573; or

(b) for a later income year - that amount indexed under section 154-25.

9.5%

18

More than or equal to the amount under item 17.

10%