(1) An institution shall, in respect of each semester, require each contributing student who is undertaking a designated course of study at the institution on the census date in respect of that course of study in respect of that semester to pay to the institution in respect of that semester a contribution, ascertained in accordance with this section, towards the cost of the provision of that course of study.
(2) Each institution shall determine, in accordance with guidelines issued by the Minister, in respect of each designated course of study that may be undertaken at the institution in a year to which this Chapter applies, a standard student load that represents an equivalent full time student unit.
Amount of contribution for pre - 1997 student
(3) The contribution for a pre - 1997 student is worked out using the formula:
where:
"annual course contribution" means the annual course contribution for the year in which the semester occurs.
"student load" means the student's student load for the course in the semester, expressed as a proportion of the standard student load for the course in the year in which the semester occurs.
(4) For the purposes of this section, a student is a pre - 1997 student in relation to a course of study if:
(a) the student commenced the course before 1997, as a contributing student; or
(b) the institution that provides the course has determined that the student is to be treated as a pre - 1997 student in relation to the course, and that determination is made in accordance with guidelines issued by the Minister for the purposes of this subsection.
Amount of contribution for other students
(5) The contribution for a student (other than a pre - 1997 student) is the total of the amounts worked out under subsection (6) for each of the Bands.
(6) The amount for a Band is worked out using the formula:
where:
"annual Band amount" means the annual Band amount for the Band for the year in which the semester occurs.
"student load for the Band" means the student's student load for the course in the semester, for units of study in the Band, expressed as a proportion of the standard student load for the course in the year in which the semester occurs.
Cents to be disregarded
(7) If an amount worked out under subsection (3) or (5) includes any cents, the cents must be disregarded.