Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Each institution must allocate each relevant unit of study to one of the following Bands, in accordance with guidelines issued by the Minister:
(a) Band 3;
(b) Band 2;
(c) Band 1.
For this purpose, relevant unit of study means any unit of study that may be undertaken at the institution as part of a designated course of study in a year to which this Chapter applies.
(2) The annual Band amounts for 1997 are:
(a) $5,500 for Band 3; and
(b) $4,700 for Band 2; and
(c) $3,300 for Band 1.
(3) The annual Band amount for a Band for a later year is worked out by:
(a) multiplying the annual Band amount for that Band for the year before that later year by the factor that applies to the later year under subsection 40(3); and
(b) disregarding any cents.
(4) For each year from 1998 onwards, the Minister must:
(a) work out the annual Band amounts for the year concerned; and
(b) before the start of the year, publish a notice in the Gazette specifying those annual Band amounts and the factor that was used to work them out.