(1) A primary school or secondary school's base amount for a year is worked out using the following formula:
Note: For the number of students at a school for a year, see section 16.
(2) To work out the base amount for a year for a combined school, add up the following amounts:
(a) the amount that would be the school's base amount for the year if the school were a primary school consisting only of those students at the school who are primary students;
(b) the amount that would be the school's base amount for the year if the school were a secondary school consisting only of those students at the school who are secondary students.
(3) To work out the base amount for a year for a school that is not covered by subsection 54(1) (capacity to contribute percentage) at which there are distance education students, add up the following amounts:
(a) the amount that would be the school's base amount under subsection (1) or (2) for the year excluding the distance education students;
(b) the amount that would be the school's base amount under subsection (1) or (2) for the year if:
(i) the school were a school consisting only of the distance education students; and
(ii) the SRS funding amount for a student at the school were the percentage of that amount set out in subsection (4); and
(iii) the school's capacity to contribute percentage were 0%.
(4) For the purposes of subparagraph (3)(b)(ii), the percentage is:
(a) 35%; or
(b) if the regulations prescribe another percentage for the purposes of this paragraph--that other percentage.
Note 1: The percentage set out in this subsection maintains support for a school, while recognising the recurrent cost structure and operating profile of the school.
Note 2: A school attracts 100% of the loadings for distance education students.