Commonwealth Consolidated Acts

STUDENT ASSISTANCE ACT 1973 - SECT 12Y

    An indexation amount exists in relation to the contract at a particular time ( the relevant time ) if:

  (a)   subsection   12X(3) applied for the purpose of working out the amount outstanding under the contract at the relevant time; and

  (b)   the amount outstanding under the contract at the relevant time exceeds the amount worked out using the formula:

    ;

and the amount of the excess constitutes the indexation amount in relation to the contract at the relevant time.