Document ID: chunk:federal_register_of_legislation:C2024C00682:section:25
Version: federal_register_of_legislation:C2024C00682
Segment Type: section
Provision Reference: s 25
Character Range: 49522–50117

25  Calculation of amounts of subsidy
 (1) Each monthly amount of subsidy is the amount that results from working out the relevant regular monthly repayment (RMR) amount under subsection (2) and then using that amount in the formula set out in subsection (3).
 (2) The RMR amount must be worked out using the formula:

where:
BR is the benchmark rate.
LA (loaned amount) is the amount on which subsidy is payable.
 (3) The monthly subsidy amount must be worked out using the formula:

where:
LA has the same meaning as in subsection (2).
RMR is the amount worked out under that subsection.