Commonwealth Consolidated Acts Commonwealth Consolidated Acts(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.
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