Document ID: chunk:federal_register_of_legislation:C2016C00429:section:123
Version: federal_register_of_legislation:C2016C00429
Segment Type: section
Provision Reference: s 123
Character Range: 156730–157586

123  Changes to amounts for secondary education
 (1) This section applies if an amount in Schedule 1 for secondary education is replaced for a program year by an amount (the secondary AGSRC amount) under regulations made for the purposes of subsection 121(1).
 (2) The amount in Schedule 2 for secondary education for the program year is replaced by the amount worked out using the formula:

where:
% of AGSRC means the percentage of AGSRC in column 2 of Schedule 2 for secondary education.
 (3) Each amount opposite a percentage of AGSRC in Parts 2 and 4 of Schedule 4 for the program year is replaced by the amount worked out using the formula:

 (4) If an amount worked out under subsection (2) or (3) is an amount of dollars and cents, the amount is to be rounded to the next higher dollar.

Division 1A—Grant amounts for particular program years