Document ID: chunk:federal_register_of_legislation:C2016C00429:section:126
Version: federal_register_of_legislation:C2016C00429
Segment Type: section
Provision Reference: s 126
Character Range: 160061–160857

126  Capital grants for government schools and non‑government schools
 (1) Each amount (the capital amount) in:
 (a) column 2 of the table in Schedule 3; or
 (b) column 2 of the table in Schedule 5;
for a program year is replaced by the amount worked out using the formula:

where:
capital number for the program year means:
 (a) 1; or
 (b) if the regulations set out another number for the program year—that number.
 (2) If an amount worked out under subsection (1) is not a multiple of $1,000, the amount is to be rounded to the nearest $1,000 (rounding $500 upwards).
 (3) Before the Governor‑General makes regulations for the purposes of subsection (1), the Minister must consider changes in an index of building prices, and an index of wage costs, published by the Australian Statistician.