Commonwealth Consolidated Acts

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HIGHER EDUCATION FUNDING ACT 1988 - SECT 104

Basic charge

  (1)   The basic charge for a unit of study is the lesser of:

  (a)   the statutory amount, worked out under this section; and

  (b)   the amount that the Agency charges for the unit.

  (2)   The statutory amount is $332 for 1997.

  (3)   The statutory amount for a later year is worked out by:

  (a)   multiplying the statutory amount for the year before that later year by the factor that applies to the later year under subsection   40(3); and

  (b)   disregarding any cents.

  (4)   For each year from 1998 onwards, the Minister must:

  (a)   work out the statutory amount for the year concerned; and

  (b)   before the start of the year, publish a notice in the Gazette specifying the statutory amount and the factor that was used to work it out.



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