I have succeeded in setting up the form and making it work. However I have 2 issues:
a) The remove button does not work (it will remove the last row of the form elements)
b) and this is a minor markup issue, when pressing "add" to add a new row of form elements, instead of creating a new <ul></ul> it's loaded into the existing row <ul></ul>
Here's the demo link http://jsfiddle.net/34rYv/1/
And my JS code below
$(document).ready(function() {
$('#btnAdd').click(function() {
    var num = $('.clonedSection').length;
    var newNum = new Number(num + 1);
    var newSection = $('#pq_entry_' + num).clone().attr('id', 'pq_entry_' + newNum);
    newSection.children(':first').children(':first').attr('id', 'year_' + newNum).attr('name', 'year_' + newNum);
    newSection.children(':nth-child(2)').children(':first').attr('id', 'qualification_' + newNum).attr('name', 'qualification_' + newNum);
    newSection.children(':nth-child(2)').children(':first').attr('id', 'university_' + newNum).attr('name', 'university_' + newNum);
    $('.clonedSection').last().append(newSection)
    $('#btnDel').attr('disabled', '');
    if (newNum == 5) $('#btnAdd').attr('disabled', 'disabled');
});
$('#btnDel').click(function() {
    var num = $('.clonedSection').length; // how many "duplicatable" input fields we currently have
    $('#pq_entry_' + num).remove(); // remove the last element
    // enable the "add" button
    $('#btnAdd').attr('disabled', '');
    // if only one element remains, disable the "remove" button
    if (num - 1 == 1) $('#btnDel').attr('disabled', 'disabled');
});
$('#btnDel').attr('disabled', 'disabled');
});



