Document ID: chunk:federal_register_of_legislation:F2025C00060:reg:6
Version: federal_register_of_legislation:F2025C00060
Segment Type: reg
Provision Reference: reg 6
Character Range: 5006–5589

6  Indexing maximum loan amounts

                    (1)  The maximum loan amount for a course is indexed on 1 January 2018, and each subsequent 1 January, by multiplying it by the indexation factor for the relevant year.

                    (2)  However, an amount is not indexed if its indexation factor is 1 or less.

       (3)  If an amount worked out under subsection (1) is an amount made up of dollars and cents, round the amount down to the nearest dollar.
             Note:      New courses specified in Schedule 1, 2 or 3 are taken to be indexed from 1 January 2018.