Explanatory Memorandum(Circulated by authority of the Minister for Education, Science and Training, the Honourable Julie Bishop MP)
Schedule 9-Amounts relating to research funding
Australian Research Council Act 2001
Items 1 to 3 Paragraphs 49(g), (h) and (i)
Section 49 sets the total aggregate funding caps for particular years. Items 1, 2 and 3 repeal paragraphs 49(g), (h) and (i) respectively and substitute new paragraphs which increase the funding caps for the financial years 2006-07, 2007-08 and 2008-09 to reflect revised forward estimates.