Higher Education Support Amendment (Asian Century) Act 2013 (112 of 2013)

Schedule 1   OS-HELP assistance for study in Asia

Part 2   Application of amendments

30   Indexation of amounts in 2014

(1) Despite section 198-10 of the Higher Education Support Act 2003, the amounts set out in items 5 and 6 of the table in subsection 198-5(1) of that Act, as in force on and after the commencement of this item, are not to be indexed on 1 January 2014 in accordance with Part 5-6 of that Act.

(2) Despite Part 5-6 of the Higher Education Support Act 2003, the maximum OS-HELP amount for a period of 6 months under section 121-5 of that Act, as in force immediately before the commencement of this item, is taken to be $6,250 for a student who:

(a) is paid OS-HELP assistance on or after 1 January 2014; and

(b) either:

(i) is selected for receipt of OS-HELP assistance before 1 January 2014; or

(ii) completes the overseas study in respect of the period before 1 January 2014.