Student Assistance Act 1973

Part 4A - Financial Supplement for Tertiary Students  

Division 5 - Repayments of financial supplement during contract period  

SECTION 12Y   12Y   INDEXATION AMOUNT  
An indexation amount exists in relation to the contract at a particular time (the relevant time) if:


(a) subsection 12X(3) applied for the purpose of working out the amount outstanding under the contract at the relevant time; and


(b) the amount outstanding under the contract at the relevant time exceeds the amount worked out using the formula:


principal sum - (actual repayments + notional repayments);

and the amount of the excess constitutes the indexation amount in relation to the contract at the relevant time.


 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.