CTHRepealedLegislation
Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes)
Calculating the fortnightly HECS or HELPCalculating the fortnightly HECS or HELP component
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Calculating the fortnightly HECS or HELP component
Calculate the weekly equivalent of fortnightly earnings by dividing the sum of the fortnightly earnings subject to withholding by 2. Ignore any cents in the result and add 99 cents. Determine the rounded weekly HECS or HELP component applicable to the weekly equivalent of earnings, and then multiply the result by 2.