Higher Education Support Act 2003

Chapter 4 - Repayment of loans  

PART 4-2 - DISCHARGE OF INDEBTEDNESS  

Division 154 - How is indebtedness compulsorily discharged?  

Subdivision 154-B - Amounts payable to the Commonwealth  

SECTION 154-25   Indexation  

154-25(1)  


The following amounts for the 2020-21 *income year, or a later income year:


(a) the *minimum repayment income;


(b) the amounts referred to in paragraph (a) of the second column of items 1 to 17 of the table in section 154-20 ;

are indexed by multiplying the corresponding amounts for the 2019-20 income year by the amount worked out using the formula:


The sum of the *index numbers for the *quarter ending on 31 December immediately before the income year and the 3 quarters immediately preceding that quarter
The sum of the *index numbers for the *quarter ending on 31 December immediately before the 2019-20 income year and the 3 quarters immediately preceding that quarter

154-25(2)  
(Repealed by No 76 of 2018)

154-25(3)  
(Repealed by No 76 of 2018)

154-25(4)  
If an amount worked out under this section is an amount made up of dollars and cents, round the amount down to the nearest dollar.




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