HIGHER EDUCATION SUPPORT AMENDMENT (INDEXATION) BILL 2010

i Higher Education Support Amendment (Indexation) Bill 2010 No. , 2010

Contents

1 Short

title

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2 Commencement

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3 Schedule(s)

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Schedule 1--Amendments

Higher Education Support Act 2003

Higher Education Support Amendment (Indexation) Bill 2010 No. , 2010 1

A Bill for an Act to amend the Higher Education

Support Act 2003, and for related purposes

The Parliament of Australia enacts:

1 Short title

This Act may be cited as the Higher Education Support

Amendment (Indexation) Act 2010.

2 Commencement

This Act commences on 1 January 2011.

3 Schedule(s)

Each Act that is specified in a Schedule to this Act is amended or

repealed as set out in the applicable items in the Schedule

Amendments Schedule 1

Higher Education Support Amendment (Indexation) Bill 2010 No. , 2010 3

Schedule 1--Amendments

Higher Education Support Act 2003

1 Section 198-5

Repeal the section, substitute:

198-5 The amounts that are to be indexed

This table sets out the amounts that are to be indexed.

Amounts that are to be indexed

Item Amounts:

See:

Commonwealth contribution amounts

Section 33-10

Reduction amount

Section 33-37

Maximum student contribution amounts

for places

Section 93-10

The

FEE-HELP limit

Section 104-20

The

maximum OS-HELP amount

Section 121-5

2 Subsection 198-10(1)

Repeal the subsection, substitute:

(1) An amount is indexed on 1 January 2012, and on each subsequent

1 January, by multiplying it by the

indexation factor for the

relevant year.

3 Section 198-20

Repeal the section, substitute:

198-20 Meaning of index number

(1) For the purpose of applying section 198-10 to the amounts

specified in the table in section 198-5 for a year, the index number

is the Higher Education Grants Index number for the year

published by the Minister in the Gazette.

Schedule 1 Amendments

4 Higher Education Support Amendment (Indexation) Bill 2010 No. , 2010

(2) The Higher Education Grants Index number for a year must reflect

the following amounts:

(a) 25% of the amount of the movement in the All Groups

Consumer Price Index for the weighted average of the 8

capital cities, based on index numbers published by the

Australian Statistician for each

quarter in the

indexation

period;

(b) 75% of 90% of the amount of the movement in the

Professional, Scientific and Technical Services Labour Price

Index, based on index numbers published by the Australian

Statistician for each quarter in the indexation period.

(3) Subject to subsection (4), if, at any time before or after the

commencement of this subsection:

(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;

regard may be had to the publication of the later index for the

purposes of calculating the Higher Education Grants Index number

for a year.

(4) If, at any time before or after the commencement of this

subsection, the

Australian Statistician has changed or changes the

reference base for the All Groups Consumer Price Index or the

Professional, Scientific and Technical Services Labour Price Index,

then, for the purposes of applying this section after the change took

place or takes place, have regard to index numbers published in

terms of the new reference base.

(5) For the purpose of applying section 198-10 to the amounts

specified in each item of the table in section 198-5 for 2012, the

index number for 2011 is taken to be 1.

(6) A notice in the Gazette specifying an index number is not a

legislative instrument.

(7) In this section:

indexation period, in relation to a calendar year, means the period

beginning on 1 January 2010 and ending on 31 December of the

calendar year before the immediately preceding calendar year.

Amendments Schedule 1

Higher Education Support Amendment (Indexation) Bill 2010 No. , 2010 5

4 Section 198-25

Repeal the section.

5 Subclause 1(1) of Schedule 1

Insert:

indexation period has the meaning given by subsection 198-20(7).

6 Application

The amendments made by this Schedule (other than item 4) apply in

respect of the Higher Education Grants Index number published by the

Minister in the Gazette for the 2012 year and subsequent years.

Commonwealth of Australia Bills

HIGHER EDUCATION SUPPORT AMENDMENT (INDEXATION) BILL 2010