Budget Savings (Omnibus) Act 2016
3Schedules
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3 Schedules
Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1—Minimum repayment income for HELP debts
Higher Education Support Act 2003
1 Paragraph 154‑10(a)
Repeal the paragraph, substitute:
(a) for the 2018‑19 income year—$51,956; or
2 Section 154‑20 (table)
Repeal the table, substitute:
<table cellspacing="0" cellpadding="0" style="width:352.1pt; margin-left:10.8pt; border-collapse:collapse"><thead><tr><td colspan="3" style="width:341.3pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Applicable percentages</span></p></td></tr><tr><td style="width:22.3pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Item</span></p></td><td style="width:231.2pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>If the person’s repayment income is:</span></p></td><td style="width:66.2pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>The percentage applicable is:</span></p></td></tr></thead><tbody><tr><td style="width:22.4pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>1</span></p></td><td style="width:231.3pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>More than the </span><span style="font-size:8pt; vertical-align:3pt">*</span><span>minimum repayment income, but less than:</span></p><p class="Tablea"><span>(a) for the 2018</span><span>‑</span><span>19 </span><span style="font-size:8pt; vertical-align:3pt">*</span><span>income year—$57,730; or</span></p><p class="Tablea"><span>(b) for a later income year—that amount indexed under section</span><span> </span><span>154</span><span>‑</span><span>25.</span></p></td><td style="width:66.3pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext" style="margin-left:25.3pt"><span>2%</span></p></td></tr><tr><td style="width:22.4pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>2</span></p></td><td style="width:231.3pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>More than the amount under item</span><span> </span><span>1, but less than:</span></p><p class="Tablea"><span>(a) for the 2018</span><span>‑</span><span>19 </span><span style="font-size:8pt; vertical-align:3pt">*</span><span>income year—$64,307; or</span></p><p class="Tablea"><span>(b) for a later income year—that amount indexed under section</span><span> </span><span>154</span><span>‑</span><span>25.</span></p></td><td style="width:66.3pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext" style="margin-left:25.3pt"><span>4%</span></p></td></tr><tr><td style="width:22.4pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>3</span></p></td><td style="width:231.3pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>More than the amount under item</span><span> </span><span>2, but less than:</span></p><p class="Tablea"><span>(a) for the 2018</span><span>‑</span><span>19 </span><span style="font-size:8pt; vertical-align:3pt">*</span><span>income year—$70,882; or</span></p><p class="Tablea"><span>(b) for a later income year—that amount indexed under section</span><span> </span><span>154</span><span>‑</span><span>25.</span></p></td><td style="width:66.3pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext" style="margin-left:25.3pt"><span>4.5%</span></p></td></tr><tr><td style="width:22.4pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>4</span></p></td><td style="width:231.3pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>More than the amount under item</span><span> </span><span>3, but less than:</span></p><p class="Tablea"><span>(a) for the 2018</span><span>‑</span><span>19 </span><span style="font-size:8pt; vertical-align:3pt">*</span><span>income year—$74,608; or</span></p><p class="Tablea"><span>(b) for a later income year—that amount indexed under section</span><span> </span><span>154</span><span>‑</span><span>25.</span></p></td><td style="width:66.3pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext" style="margin-left:25.3pt"><span>5%</span></p></td></tr><tr><td style="width:22.4pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>5</span></p></td><td style="width:231.3pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>More than the amount under item</span><span> </span><span>4, but less than:</span></p><p class="Tablea"><span>(a) for the 2018</span><span>‑</span><span>19 </span><span style="font-size:8pt; vertical-align:3pt">*</span><span>income year—$80,198; or</span></p><p class="Tablea"><span>(b) for a later income year—that amount indexed under section</span><span> </span><span>154</span><span>‑</span><span>25.</span></p></td><td style="width:66.3pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext" style="margin-left:25.3pt"><span>5.5%</span></p></td></tr><tr><td style="width:22.4pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>6</span></p></td><td style="width:231.3pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>More than the amount under item</span><span> </span><span>5, but less than:</span></p><p class="Tablea"><span>(a) for the 2018</span><span>‑</span><span>19 </span><span style="font-size:8pt; vertical-align:3pt">*</span><span>income year—$86,856; or</span></p><p class="Tablea"><span>(b) for a later income year—that amount indexed under section</span><span> </span><span>154</span><span>‑</span><span>25.</span></p></td><td style="width:66.3pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext" style="margin-left:25.3pt"><span>6%</span></p></td></tr><tr><td style="width:22.4pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>7</span></p></td><td style="width:231.3pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>More than the amount under item</span><span> </span><span>6, but less than:</span></p><p class="Tablea"><span>(a) for the 2018</span><span>‑</span><span>19 </span><span style="font-size:8pt; vertical-align:3pt">*</span><span>income year—$91,426; or</span></p><p class="Tablea"><span>(b) for a later income year—that amount indexed under section</span><span> </span><span>154</span><span>‑</span><span>25.</span></p></td><td style="width:66.3pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext" style="margin-left:25.3pt"><span>6.5%</span></p></td></tr><tr><td style="width:22.4pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>8</span></p></td><td style="width:231.3pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>More than the amount under item</span><span> </span><span>7, but less than:</span></p><p class="Tablea"><span>(a) for the 2018</span><span>‑</span><span>19 </span><span style="font-size:8pt; vertical-align:3pt">*</span><span>income year—$100,614; or</span></p><p class="Tablea"><span>(b) for a later income year—that amount indexed under section</span><span> </span><span>154</span><span>‑</span><span>25.</span></p></td><td style="width:66.3pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext" style="margin-left:25.3pt"><span>7%</span></p></td></tr><tr><td style="width:22.4pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>9</span></p></td><td style="width:231.3pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>More than the amount under item</span><span> </span><span>8, but less than:</span></p><p class="Tablea"><span>(a) for the 2018</span><span>‑</span><span>19 </span><span style="font-size:8pt; vertical-align:3pt">*</span><span>income year—$107,214; or</span></p><p class="Tablea"><span>(b) for a later income year—that amount indexed under section</span><span> </span><span>154</span><span>‑</span><span>25.</span></p></td><td style="width:66.3pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext" style="margin-left:25.3pt"><span>7.5%</span></p></td></tr><tr><td style="width:22.4pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>10</span></p></td><td style="width:231.3pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>More than the amount under item</span><span> </span><span>9.</span></p></td><td style="width:66.3pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext" style="margin-left:25.3pt"><span>8%</span></p></td></tr></tbody></table>