Commonwealth Consolidated Acts Commonwealth Consolidated Acts
Higher Education Support Act 2003
1 Paragraph 154 - 10(a)
Repeal the paragraph, substitute:
(a) for the 2018 - 19 income year--$51,956; or
2 Section 154 - 20 (table)
Repeal the table, substitute:
Applicable percentages | ||
Item | If the person's repayment income is: | The percentage applicable is: |
1 | More than the * minimum repayment income, but less than: (a) for the 2018 - 19 * income year--$57,730; or (b) for a later income year--that amount indexed under section 154 - 25. | 2% |
2 | More than the amount under item 1, but less than: (a) for the 2018 - 19 * income year--$64,307; or (b) for a later income year--that amount indexed under section 154 - 25. | 4% |
3 | More than the amount under item 2, but less than: (a) for the 2018 - 19 * income year--$70,882; or (b) for a later income year--that amount indexed under section 154 - 25. | 4.5% |
4 | More than the amount under item 3, but less than: (a) for the 2018 - 19 * income year--$74,608; or (b) for a later income year--that amount indexed under section 154 - 25. | 5% |
5 | More than the amount under item 4, but less than: (a) for the 2018 - 19 * income year--$80,198; or (b) for a later income year--that amount indexed under section 154 - 25. | 5.5% |
6 | More than the amount under item 5, but less than: (a) for the 2018 - 19 * income year--$86,856; or (b) for a later income year--that amount indexed under section 154 - 25. | 6% |
7 | More than the amount under item 6, but less than: (a) for the 2018 - 19 * income year--$91,426; or (b) for a later income year--that amount indexed under section 154 - 25. | 6.5% |
8 | More than the amount under item 7, but less than: (a) for the 2018 - 19 * income year--$100,614; or (b) for a later income year--that amount indexed under section 154 - 25. | 7% |
9 | More than the amount under item 8, but less than: (a) for the 2018 - 19 * income year--$107,214; or (b) for a later income year--that amount indexed under section 154 - 25. | 7.5% |
10 | More than the amount under item 9. | 8% |
3 Subsection 154 - 25(1)
Repeal the subsection, substitute:
(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:
4 Section 154 - 30
Omit "2006 - 07", substitute "2019 - 20".
5 Paragraph 154 - 30(b)
Omit "items 1 to 8", substitute "items 1 to 9".
6 Application of amendments
The amendments made by this Schedule apply in relation to income years commencing on and after the day this Schedule commences.
