Commonwealth Consolidated Acts

HIGHER EDUCATION SUPPORT ACT 2003 - SECT 198.15

  (1)   The indexation factor for the relevant year is:

where:

"December base quarter" means the * quarter ending on the 31   December that is 2 years and a day before the relevant 1   January.

"December reference quarter" means the * quarter ending on the 31   December that is a year and a day before the relevant 1   January.

  (2)   Work out the * indexation factor to 3 decimal places (rounding up if the fourth decimal place is 5 or more).

Example:   If the factor is 1.102795, it is rounded up to 1.103.