Universities Accord (Student Support and Other Measures) Act 2024 (108 of 2024)

Schedule 1   HELP indexation

Part 1   Main amendments relating to HELP indexation

Higher Education Support Act 2003

12   Subclause 2(1) of Schedule 1

Repeal the subclause, substitute:

(1) The CPI index number for a *quarter is the All Groups Consumer Price Index number, being the weighted average of the 8 capital cities, published by the *Australian Statistician in respect of that quarter.

(1A) The WPI index number for a *quarter is the Wage Price Index (quarterly index/total hourly rates of pay excluding bonuses/Australia/private and public/all industries) number published by the Australian Statistician in respect of that quarter.