Higher Education Support Act 2003

S 198-25 repealed by No 111 of 2010, s 3 and Sch 1 item 4, effective 1 January 2011. S 198-25 formerly read:

SECTION 198-25 Review of indexation  
198-25(1)
The Minister will initiate and undertake a review of the cost adjustment factor indexation mechanism for the Commonwealth funding of universities from 2007/08.

198-25(2)
The review must be completed by February 2005 and the Government must respond to the review by April 2005 and give effect to its response when introducing the annual Higher Education Support Amendment Bill in the 2005 May sittings of the Parliament.

198-25(3)
Without limiting the scope of the review, the reviewers must, among other things, consider the following:

(a) the alternative indices to use for wage costs-for example, the relative merits of average weekly earnings, the Commonwealth's education wage cost index, baskets of domestic professional wage rates and purchasing power parity adjusted indices for academic labour;

(b) the alternative indices for non-wage costs, noting the high reliance of universities on advanced equipment, information technology, research infrastructure and international book and periodical stocks;

(c) the application of any agreed index or indices to the actual Commonwealth-funded staffing and financial profile of each university rather than the application of an assumed uniform profile.