House of Representatives

Higher Education Support Amendment (2009 Budget Measures) Bill 2009

Explanatory Memorandum

(Circulated by authority of the Minister for Education the Honourable Julia Gillard MP)

FINANCIAL IMPACT

In relation to the Higher Education Support Act 2003 , the Bill:

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increases the overall appropriation under section 30-5 by $416,349,000 for the period 1 January 2010 to 31 December 2011;
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increases the overall appropriation under section 41-45 by $398,567,000 for the period 1 January 2010 to 31 December 2012 and appropriates funding for 2013 to a limit of $2,067,383,000; and
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decreases the overall appropriation under section 46-40 by $355,772,000 for the period 1 January 2010 to 31 December 2012 and appropriates funding for 2013 to a limit of $275,133,000

The estimated financial impact of measures in the Bill on HELP over the period 2009-10 - 2012-13 is -$156.132 million on the fiscal balance.


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