40AAnnual Band amounts that apply from 1997

#### 40A Annual Band amounts that apply from 1997 (1) Each institution must allocate each relevant unit of study to one of the following Bands, in accordance with guidelines issued by the Minister: (a) Band 3; (b) Band 2; (c) Band 1. For this purpose, relevant unit of study means any unit of study that may be undertaken at the institution as part of a designated course of study in a year to which this Chapter applies. (2) The annual Band amounts for 1997 are: (a) $5,500 for Band 3; and (b) $4,700 for Band 2; and (c) $3,300 for Band 1. (3) The annual Band amount for a Band for a later year is worked out by: (a) multiplying the annual Band amount for that Band 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 annual Band amounts for the year concerned; and (b) before the start of the year, publish a notice in the Gazette specifying those annual Band amounts and the factor that was used to work them out.