House of Representatives

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

Part 1 - Extra funding for operating purposes

Higher Education Funding Act 1988

Item 1

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.

Part 2 - Extra funding for superannuation expenses

Higher Education Funding Act 1988

Item 2

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.