Explanatory Memorandum(Circulated by authority of the Minister for Education, Training and Youth Affairs the Hon Dr David Kemp MP)
Schedule 1 - Extra funding for higher education
Section 17 sets the maximum aggregate funding levels for operating grants that may be paid to higher education institutions under sections 15 and 16 of the Act. Item 1 amends section 17 to vary the maximum aggregate funding levels for 2001 and 2002 to reflect revised estimates of planned expenditure under the Higher Education Workplace Reform Programme.
Section 20 provides for grants to higher education institutions for superannuation expenses for staff whose salaries are funded from grants provided under the Act. Item 2 amends subsection 20(3) to vary the maximum aggregate grant amount for 2002 and 2003 to reflect revised estimates of the Commonwealths overall superannuation liability as a result of the Beneficiary Choice Programme in Victoria.