Commonwealth Consolidated Acts

SCHOOLS ASSISTANCE (LEARNING TOGETHER--ACHIEVEMENT THROUGH CHOICE AND OPPORTUNITY) ACT 2004 - SECT 126

  (1)   Each amount (the capital amount ) in:

  (a)   column 2 of the table in Schedule   3; or

  (b)   column 2 of the table in Schedule   5;

for a program year is replaced by the amount worked out using the formula:

where:

"capital number for the program year" means:

  (a)   1; or

  (b)   if the regulations set out another number for the program year--that number.

  (2)   If an amount worked out under subsection   ( 1) is not a multiple of $1,000, the amount is to be rounded to the nearest $1,000 (rounding $500 upwards).

  (3)   Before the Governor - General makes regulations for the purposes of subsection   ( 1), the Minister must consider changes in an index of building prices, and an index of wage costs, published by the Australian Statistician.