Higher Education Support Amendment (Demand Driven Funding System and Other Measures) Act 2011 (104 of 2011)

Schedule 1   Amendments relating to demand driven funding system

Part 1   Amendments

Higher Education Support Act 2003

10   At the end of Subdivision 30-C

Add:

30-27 Funding agreement may specify maximum basic grant amounts

(1) A funding agreement may:

(a) for a higher education provider that is a *Table A provider - specify a maximum basic grant amount payable to the provider for a grant year for:

(i) *designated courses of study; and

(ii) *non-designated courses of study; and

(b) for a higher education provider that is not a Table A provider - specify a maximum basic grant amount payable to the provider for a grant year.

Table A providers - maximum basic grant amounts for designated courses of study

(2) The *maximum basic grant amount for a *Table A provider for *designated courses of study must not be less than the amount worked out under subsection 33-5(4) for the provider for the grant year.

Table A providers - maximum basic grant amounts for non-designated courses of study

(3) The *maximum basic grant amount for a *Table A provider for *non-designated courses of study must not be less than:

(a) if a maximum basic grant amount was specified in the provider’s funding agreement for the preceding year for non-designated courses of study - the amount that was so specified; or

(b) if a maximum basic grant amount was not specified in the provider’s funding agreement for the preceding year for non-designated courses of study - the amount worked out under paragraph 33-5(5)(a) for the provider for the preceding year.

Non-Table A providers - maximum basic grant amounts

(4) The *maximum basic grant amount for a provider that is not a *Table A provider must not be less than the amount worked out under subsection 33-5(8) for the provider for the grant year.