Document ID: chunk:federal_register_of_legislation:C2025C00125:section:57:p2
Version: federal_register_of_legislation:C2025C00125
Segment Type: section
Provision Reference: s 57 (pt 2/2)
Character Range: 128209–129525

the student discount that the student receives for making the student payment ($333).
 The value of the discount to the student for making the student payment is calculated as follows:

 This amount is the discount amount (see paragraph (3A)(f)).
 (3B) If:
 (a) the student has made a student payment as provided for in subsection (3A); and
 (b) the student continues undertaking the course of study and, in a later semester, does not make a student payment in respect of the later semester as provided for in subparagraph 41(1A)(c)(ii), the Commonwealth must, as a benefit to the student:
 (i) lend to the student an amount equal to the unpaid part of the contribution; and
 (ii) apply the amount so lent in making a payment to the institution in discharge of the student's liability to pay the unpaid part of the contribution.
 (3C) If an amount worked out by using the formula in subsection (3A) is an amount made up of dollars and cents, then:
 (a) if the amount of cents in the amount is 50—the amount is to be rounded up to the nearest dollar; and
 (b) in any other case—the amount is to be rounded up or down to the nearest dollar.
 (4) The Commonwealth may make advances to an institution on account of an amount that is expected to become payable by the Commonwealth to the institution under this section.