Document ID: chunk:federal_register_of_legislation:C2020A00005:section:2020
Version: federal_register_of_legislation:C2020A00005
Segment Type: section
Provision Reference: s 2020
Character Range: 5829–6966

2020
 (1) Before 1 August 2020, the Minister must, by legislative instrument, determine each of the following for that year:
 (a) an amount for the purposes of paragraph 8(2)(a);
 (b) an amount for the purposes of paragraph 8(2)(b).

Later years
 (2) Before 1 August of the year 2021 or a later year, the Minister may, by legislative instrument, determine one or both of the following for the year:
 (a) an amount for the purposes of paragraph 8(2)(a);
 (b) an amount for the purposes of paragraph 8(2)(b).
Note: The amounts determined under this subsection may be indexed under section 10.

Upper limit
 (3) The Minister must not determine an amount for the purposes of paragraph 8(2)(a) or (b) for a year that exceeds the following:
 (a) for paragraph 8(2)(a)—$325;
 (b) for paragraph 8(2)(b)—$15.
Note: The amounts in this subsection are indexed under section 10.

Having regard to matters
 (4) In making a legislative instrument under this section, the Minister must have regard to the sustainability of the VSL Tuition Protection Fund.
 (5) The Minister may also have regard to any other matter the Minister considers appropriate.