Pursuant to s 140-20 of the Higher Education Support Act 2003, 1.026 is the indexation factor to be used in working out accumulated HELP debts for the 2013-14 financial year. The effective percentage increase is 2.6%.
Pursuant to s 12ZF(7A) of the Student Assistance Act 1973, 1.026 is also the indexation factor that is applicable in working out any Financial Supplement and accumulated Financial Supplement debts of a person on 1 June 2014. The effective percentage increase is also 2.6%.
Source: Commonwealth Gazettes C2014G00746, 8 May 2014, and C2014G00750, 9 May 2014
[LTN 87, 9/5/14]