Higher Education Support Legislation Amendment (Student Loan Sustainability) Act 2018 (76 of 2018)
Schedule 1 Repayment thresholds
Part 1 General amendments
Higher Education Support Act 2003
2 Section 154-20 (table)
Repeal the table, substitute:
|
Applicable percentages |
||
|---|---|---|
|
Item |
If the person's repayment income is: |
The percentage applicable is: |
|
1 |
More than the *minimum repayment income, but less than: (a) for the 2019-20 *income year - $52,974; or (b) for a later income year - that amount indexed under section 154-25. |
1% |
|
2 |
More than or equal to the amount under item 1, but less than: (a) for the 2019-20 *income year - $56,152; or (b) for a later income year - that amount indexed under section 154-25. |
2% |
|
3 |
More than or equal to the amount under item 2, but less than: (a) for the 2019-20 *income year - $59,522; or (b) for a later income year - that amount indexed under section 154-25. |
2.5% |
|
4 |
More than or equal to the amount under item 3, but less than: (a) for the 2019-20 *income year - $63,093; or (b) for a later income year - that amount indexed under section 154-25. |
3% |
|
5 |
More than or equal to the amount under item 4, but less than: (a) for the 2019-20 *income year - $66,878; or (b) for a later income year - that amount indexed under section 154-25. |
3.5% |
|
6 |
More than or equal to the amount under item 5, but less than: (a) for the 2019-20 *income year - $70,891; or (b) for a later income year - that amount indexed under section 154-25. |
4% |
|
7 |
More than or equal to the amount under item 6, but less than: (a) for the 2019-20 *income year - $75,145; or (b) for a later income year - that amount indexed under section 154-25. |
4.5% |
|
8 |
More than or equal to the amount under item 7, but less than: (a) for the 2019-20 *income year - $79,653; or (b) for a later income year - that amount indexed under section 154-25. |
5% |
|
9 |
More than or equal to the amount under item 8, but less than: (a) for the 2019-20 *income year - $84,433; or (b) for a later income year - that amount indexed under section 154-25. |
5.5% |
|
10 |
More than or equal to the amount under item 9, but less than: (a) for the 2019-20 *income year - $89,499; or (b) for a later income year - that amount indexed under section 154-25. |
6% |
|
11 |
More than or equal to the amount under item 10, but less than: (a) for the 2019-20 *income year - $94,869; or (b) for a later income year - that amount indexed under section 154-25. |
6.5% |
|
12 |
More than or equal to the amount under item 11, but less than: (a) for the 2019-20 *income year - $100,561; or (b) for a later income year - that amount indexed under section 154-25. |
7% |
|
13 |
More than or equal to the amount under item 12, but less than: (a) for the 2019-20 *income year - $106,594; or (b) for a later income year - that amount indexed under section 154-25. |
7.5% |
|
14 |
More than or equal to the amount under item 13, but less than: (a) for the 2019-20 *income year - $112,990; or (b) for a later income year - that amount indexed under section 154-25. |
8% |
|
15 |
More than or equal to the amount under item 14, but less than: (a) for the 2019-20 *income year - $119,770; or (b) for a later income year - that amount indexed under section 154-25. |
8.5% |
|
16 |
More than or equal to the amount under item 15, but less than: (a) for the 2019-20 *income year - $126,956; or (b) for a later income year - that amount indexed under section 154-25. |
9% |
|
17 |
More than or equal to the amount under item 16, but less than: (a) for the 2019-20 *income year - $134,573; or (b) for a later income year - that amount indexed under section 154-25. |
9.5% |
|
18 |
More than or equal to the amount under item 17. |
10% |
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