Education Legislation Amendment (2019 Measures No. 1) Act 2019 (103 of 2019)

Schedule 2   HELP debt arrangements for very remote HELP debtors

Part 1   Amendments

Higher Education Support Act 2003

7   After subsection 140-10(1)

Insert:

(1A) For the purposes of paragraph (1)(a), the formula to work out the *HELP debt indexation factor for the person is:

where:

A means the *HELP debt indexation factor for 1 June in the financial year worked out using the method statement in subsection (1).

B means the number of days in the applicable calendar year determined for the person by the *Secretary under subsection 142-10(2).