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:
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.