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AUSTRALIAN EDUCATION ACT 2013 - SECT 34

SRS funding amounts

SRS funding amount for a primary student

  (1)   The SRS funding amount for a year for a primary student is:

  (a)   for 2018--$10,953; or

  (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:

  (a)   for 2018--$13,764; or

  (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:

Start formula The SRS funding amount for such a student for the previous year times SRS indexation factor for the year end formula

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:

    Start formula start fraction open bracket The number of primary students at the school for the year times SRS funding amount for the year for a primary student close bracket plus open bracket The number of secondary students at the school for the year times SRS funding amount for the year for a secondary student close bracket over The number of students at the school for the year end fraction end 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.

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