House of Representatives
Higher Education Legislation Amendment Bill (No. 2) 2002
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)FINANCIAL IMPACT
In relation to the Higher Education Funding Act 1988 , the Bill:
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- provides base funding of $4,109,230,000 in 2004;
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- decreases funding by $14,193,000 in 2002; and
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- increases funding by $24,295,000 in 2003.
In relation to the Australian Research Council Act 2001 , the Bill provides:
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- base funding of $386.151 million in 2004 and $442.380 million in 2005.
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- increases funding by $2.047 million in 2002 and $0.434 million in 2003.