Higher Education Support Act 2003
This section applies in relation to the following amounts (each of which is an indexable amount ): (a) the * minimum repayment income; (b) the amount mentioned in paragraphs 154-20(2)(a) and (b) .
154-25(2)
At the start of each * income year (an indexation year ) after the 2025-26 income year, each indexable amount is replaced by the amount worked out using the following formula:
where:
| Indexable amount for the 2025-26 income year | × | AWE for the indexation year | |
| AWE for the 2025-26 income year |
AWE
, for an income year, is the number of dollars in the sum of:
(a) the average weekly earnings for all employees (total earnings) for the reference period in the * quarter ending on 31 December immediately before the income year, as published by the * Australian Statistician; and
(b) the average weekly earnings for all employees (total earnings) for the reference period in the quarter ending on 30 June that is immediately before the quarter referred to in paragraph (a), as published by the Australian Statistician.
154-25(3)
If an amount worked out under subsection (2) is an amount made up of dollars and cents, round the amount down to the nearest dollar.
Publication of indexation amounts
154-25(4)
The Minister must cause to be published in the Gazette , before the start of an indexation year, the replacement indexable amount for the indexation year. However, a failure by the Minister to do so does not invalidate the indexation.
Definitions
154-25(5)
In this section:
reference period
, in a
*
quarter, is the period described by the
*
Australian Statistician as the pay period ending on or before a specified day that is the third Friday of the middle month of that quarter.
S 154-25 substituted by No 30 of 2025, s 3 and Sch 2 item 6, effective 3 August 2025 and applicable in relation to the 2025-26 income year and later income years. S 154-25 formerly read:
are indexed by multiplying the corresponding amounts for the 2019-20 income year by the amount worked out using the formula:
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;
The sum of the
*
CPI 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
*
CPI index numbers for the
*
quarter ending on 31 December immediately before the 2019-20 income year and the 3 quarters immediately preceding that quarter
Hide history note
View history noteS 154-25(1) amended by No 108 of 2024, s 3 and Sch 1 item 7 by substituting the formula, effective 5 December 2024. For application and transitional provisions, see note under 140-10(1B). The formula formerly read:
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
S 154-25(1) substituted by No 76 of 2018, s 3 and Sch 1 item 9, effective 1 July 2019 and applicable in relation to the 2020-21 income year and later income years. No 76 of 2018, s 3 and Sch 1 item 18 contains the following transitional provision:
18 Transitional - indexation
18
Despite anything in repealed subsection 154-25(1) of the Higher Education Support Act 2003 (as that subsection applies to the 2019-20 income year), an amount referred to in paragraph (a) or (b) of that subsection is not to be indexed for the 2019-20 income year.
S 154-25(1) formerly read:
154-25(1)
The following amounts for the 2019-20 * 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 9 of the table in section 154-20;are indexed by multiplying the corresponding amounts for the 2018-19 income year by the amount worked out using the formula:
AWE for that income year
AWE for the 2018-19 income year
S 154-25(1) substituted by No 55 of 2016, s 3 and Sch 1 item 3, applicable in relation to income years commencing on and after 1 July 2018. S 154-25(1) formerly read:
154-25(1)
The following amounts for the 2006-07 * 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 8 of the table in section 154-20;are indexed by multiplying the corresponding amounts for the 2005-06 income year by the amount worked out using the formula:
* AWE for that income year
AWE for the 2005-06 income year
154-25(2)
(Repealed by No 76 of 2018)
S 154-25(2) repealed by No 76 of 2018, s 3 and Sch 1 item 10, effective 1 July 2019 and applicable in relation to the 2020-21 income year and later income years. S 154-25(2) formerly read:
154-25(2)
AWE , for an * income year, is the number of dollars in the sum of:
(a) the average weekly earnings for all employees (total earnings, seasonally adjusted) for the * reference period in the * quarter ending on 31 December immediately before the income year, as published by the * Australian Statistician; and
(b) the average weekly earnings for all employees for the reference period in the quarter ending on 30 June that is immediately before the quarter referred to in paragraph (a), as published by the Australian Statistician.
S 154-25(2) amended by No 23 of 2013, s 3 and Sch 4 item 1, by subtituting " the quarter ending on 30 June that is immediately before the quarter referred to in paragraph (a) " for " each of the 3 quarters immediately before that quarter " , applicable in relation to the indexation of the amounts referred to in subsection 154-25(1) of the Higher Education Support Act 2003 for the 2013-14 income year, or a later income year.
154-25(3)
(Repealed by No 76 of 2018)
S 154-25(3) repealed by No 76 of 2018, s 3 and Sch 1 item 10, effective 1 July 2019 and applicable in relation to the 2020-21 income year and later income years. S 154-25(3) formerly read:
154-25(3)
The reference period in a particular * quarter in a year is the period described by the * Australian Statistician as the pay period ending on or before a specified day that is the third Friday of the middle month of that quarter.
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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