Explanatory Memorandum
(Circulated by authority of the Minister for Education, Science and Training, the Honourable Julie Bishop MP)Financial impact
In relation to the Higher Education Support Act 2003 , the Bill increases the overall appropriation by $40.8 million (in current year prices) for the period 1 July 2007 to 31 December 2010, by varying the maximum payments for Other Grants under Part 2-3 of the Act.
The Bill will have no financial impact on the Higher Education Funding Act 1988 or the Higher Education Support (Transitional Provisions and Consequential Amendments) Act 2003 .
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
