AUSTRALIAN TAXATION OFFICE
HIGHER EDUCATION SUPPORT ACT 2003, AUSTRALIAN APPRENTICESHIP SUPPORT LOANS ACT 2014, STUDENT ASSISTANCE ACT 1973
Factor to Index an Accumulated HELP, AASL or Financial Supplement Debt 2026
I, Sally Bird, of the Australian Taxation Office, HEREBY NOTIFY, pursuant to section 140-20 of the Higher Education Support Act 2003, section 34 of the Australian Apprenticeship Support Loans Act 2014 and subsection 12ZF(7A) of the Student Assistance Act 1973 that 1.028 is the HELP, AASL and Financial Supplement debt indexation factor for 1 June 2026 to be used in working out accumulated HELP, AASL and Financial Supplement debts for the 2025/2026 financial year.
In accordance with section 140-10 of the Higher Education Support Act 2003, section 32 of the Australian Apprenticeship Support Loans Act 2014 and subsection 12ZF(6) of the Student Assistance Act 1973, the HELP, AASL and Financial Supplement debt indexation factor is the lower of the Consumer Price Index (CPI) indexation factor and the Wage Price Index (WPI) indexation factor worked out to three decimal places, with reference to the December quarter in the financial year.
The HELP, AASL and Financial Supplement debt indexation factor with effect on and from 1 June 2026 is worked out to three decimal places using the formula:
the sum of the CPI index number for the December 2025 quarter and the CPI index numbers for the three immediately preceding quarters divided by the sum of the CPI index number for the December 2024 quarter and the CPI index numbers for the three immediately preceding quarters,
where CPI index number, in relation to a quarter, means the All Groups Consumer Price Index number, being the weighted average of the eight capital cities, published by the Australian Statistician in respect of that quarter.
Indexation factor for 1 June 2026 is based on CPI (CPI being the lower) | = | Dec25+Sep25+Jun25+Mar25 Dec24+Sep24+Jun24+Mar24 |
|
= |
100.32+99.73+98.43+97.7 96.81+96.62+96.41+95.41 |
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= |
396.18 divided by 385.25
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|
= |
1.028 (to three decimal places) |
The CPI indexation factor is 1.028 and the effective percentage increase is 2.8%. The WPI indexation factor is 1.034 and the effective percentage increase is 3.4%. The CPI indexation factor is the lower.
Sally Bird
Acting Assistant Commissioner
8th April 2026