Higher Education Support Legislation Amendment (Student Loan Sustainability) Act 2018 (76 of 2018)

Schedule 1   Repayment thresholds

Part 2   Amendments relating to indexation

Higher Education Support Act 2003

16   At the end of Schedule 1

Add:

2 Index numbers

(1) For the purposes of Parts 4-1 and 4-2, the 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.

(2) Subject to subclause (3), if, at any time before or after the commencement of this clause:

(a) the *Australian Statistician has published or publishes an *index number in respect of a *quarter; and

(b) that index number is in substitution for an index number previously published by the Australian Statistician in respect of that quarter;

disregard the publication of the later index number for the purposes of this clause.

(3) If, at any time before or after the commencement of this clause, the *Australian Statistician has changed or changes the index reference period for the Consumer Price Index, then, in applying this clause after the change took place or takes place, have regard only to *index numbers published in terms of the new index reference period.