104Basic charge

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.