Higher Education Support (Transitional Provisions and Consequential Amendments) Act 2003 (150 of 2003)
Schedule 2 Amendments
Part 2 Transitional financial assistance
Higher Education Funding Act 1988
8D At the end of section 106Q
Add:
(8) This section applies in relation to the 2004-05 year of income as if the table in subsection (1) were omitted and the following table were substituted:
|
HEC repayment thresholds for the 2004-05 year of income |
||
|
Item |
Person's HEC repayment income in respect of year of income |
Percentage applicable |
|
1 |
More than $35,000, but less than $38,988 |
4% |
|
2 |
$38,988 or more, but less than $42,973 |
4.5% |
|
3 |
$42,973 or more, but less than $45,233 |
5% |
|
4 |
$45,233 or more, but less than $48,622 |
5.5% |
|
5 |
$48,622 or more, but less than $52,658 |
6% |
|
6 |
$52,658 or more, but less than $55,430 |
6.5% |
|
7 |
$55,430 or more, but less than $60,972 |
7% |
|
8 |
$60,972 or more, but less than $65,000 |
7.5% |
|
9 |
$65,000 or more |
8% |