SRS funding amount for a primary student
(1) The SRS funding amount for a year for a primary student is:
(b) if the regulations prescribe another amount for a primary student for the year--that other amount; or
(c) otherwise--the SRS funding amount for a primary student for the year, as indexed under subsection (3).
Note: For distance education students, see subsection 33(3).
SRS funding amount for a secondary student
(2) The SRS funding amount for a year for a secondary student is:
(b) if the regulations prescribe another amount for a secondary student for the year--that other amount; or
(c) otherwise--the SRS funding amount for a secondary student for the year, as indexed under subsection (3).
Indexation of SRS funding amounts
(3) An SRS funding amount for a primary student or a secondary student for a year is indexed as follows:
SRS funding amount for a student at a combined school
(4) For the purposes of Division 3 (loadings), the SRS funding amount for a year for a student at a combined school is worked out in accordance with the following formula:
Note: The SRS funding amounts in subsections (1)
and (2) are used to work out a combined school's base amount under section
33.