Student Assistance Act 1973

Part 4A - Financial Supplement for Tertiary Students  

Division 5 - Repayments of financial supplement during contract period  

SECTION 12Y  

12Y   INDEXATION AMOUNT  
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:

principal sum − (actual repayments + notional repayments);

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