12Y
In forceIndexation amount
Part 4AFinancial supplement for tertiary students
Division 5Repayments of financial supplement during contract period
12Y Indexation amount
An indexation amount exists in relation to the contract at a particular time (the relevant time) if:
(a)
subsection 12X(3) applied for the purpose of working out the amount outstanding under the contract at the relevant time; and
(b)
the amount outstanding under the contract at the relevant time exceeds the amount worked out using the formula:
;
and the amount of the excess constitutes the indexation amount in relation to the contract at the relevant time.
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