34SRS funding amounts

34 SRS funding amounts

SRS funding amount for a primary student (1) The SRS funding amount for a year for a primary student is: (a) for 2018—$10,953; or (b) if the regulations prescribe another amount for a primary student for the year—that other amount; or (c) otherwise—the SRS funding amount for a primary student for the year, as indexed under subsection (3).

Note: For distance education students, see subsection 33(3).

SRS funding amount for a secondary student (2) The SRS funding amount for a year for a secondary student is: (a) for 2018—$13,764; or (b) if the regulations prescribe another amount for a secondary student for the year—that other amount; or (c) otherwise—the SRS funding amount for a secondary student for the year, as indexed under subsection (3). Indexation of SRS funding amounts (3) An SRS funding amount for a primary student or a secondary student for a year is indexed as follows: Start formula The SRS funding amount for such a student for the previous year times SRS indexation factor for the year end formula SRS funding amount for a student at a combined school (4) For the purposes of Division 3 (loadings), the SRS funding amount for a year for a student at a combined school is worked out in accordance with the following formula: Start formula start fraction open bracket The number of primary students at the school for the year times SRS funding amount for the year for a primary student close bracket plus open bracket The number of secondary students at the school for the year times SRS funding amount for the year for a secondary student close bracket over The number of students at the school for the year end fraction end formula

Note: The SRS funding amounts in subsections (1) and (2) are used to work out a combined school’s base amount under section 33.