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From 1 January 2013, for students who commenced their course before 1 January 2008 any units studied in accounting, administration, economics and commerce will be charged as part of Band 3, not Band 2 student contribution amounts. Based on the 2012 student contribution rates, this would result in an increase of $172 per credit point. The 2013 rates have not yet been released.
Transitional arrangements have enabled students who commenced their course before 1 January 2008 to remain on the lower rates for these units. These transitional arrangements will end 31 December 2012.
This change was originally part of the 2007 Federal Budget, where the Australian Government increased the student contributions for units of study in accounting, administration, economics and commerce for students who commenced their course after 1 January 2008.
If you are nearing completion of your degree, you may wish to review your enrolment in Trimester 2 and 3 of 2012 to take advantage of the lower rate for these units.
These changes do not impact on your choice of paying your student contributions upfront, or deferring them to HECS-HELP.
For further information, you can refer to Appendix B of the 2012 HECS-HELP Information for Commonwealth supported students.
The Government has announced that, subject to the passage of legislation, from 1 January 2013 there will no longer be a lower Student Contribution rate for mathematics, statistics or science units. These units have until now been identified as areas of National Priority and have attracted lower student contribution rates.
In 2013 these units will now be part of Band 2. Based on the 2012 rates, this would result in an increase from $565.00 to $1006.25 per credit point.
Further information can be found on the Study Assist website.