Commonwealth Consolidated Acts Commonwealth Consolidated ActsThe amount that a person is liable to pay under section 12ZK, in respect of an income year, is an amount equal to so much of the person's repayable debt for the income year as does not exceed the percentage of the person's repayment income that is applicable under the following table:
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Applicable percentages |
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Item |
If the person's repayment income for the 2006‑07 income year or a later income year is: |
The percentage applicable is: |
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1 |
More than the minimum repayment income, but less than the amount determined as set out in column 2 of item 2 of the table in section 154‑20 of the Higher Education Support Act 2003, in respect of that income year. |
2% |
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2 |
More than the amount under item 1, but less than the amount determined as set out in column 2 of item 7 of the table in section 154‑20 of the Higher Education Support Act 2003, in respect of that income year. |
3% |
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3 |
More than the amount under item 2. |
4% |
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