Commonwealth Consolidated Acts

SCHOOLS ASSISTANCE ACT 2008 - SECT 98

  (1)   For the purposes of paragraph   97(2)(a), work out the amount using the formula:

where:

"base assistance amount" , for a program year, means:

  (a)   if the regulations specify an amount under subsection   ( 2) for the program year--that amount; or

  (b)   otherwise:

  (i)   in the case of the 2009 program year--$142,375,000; or

  (ii)   in the case of a later program year--the amount worked out under this subsection for the previous program year.

  (2)   For the purposes of subsection   ( 1), the regulations may specify an amount to be the base assistance amount for a program year.

  (3)   If the amount worked out under subsection   ( 1) for a program year is an amount of dollars and cents, the amount is to be rounded to the next highest dollar.