House of Representatives

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)

NOTES ON CLAUSES

Clause 1 - Short title

Provides for the Act to be cited as the Higher Education Funding Amendment Act 2002 .

Clause 2 - Commencement

Has the effect of providing for the provisions in Part 1 of Schedule 1 and Schedule 2 to this Act to commence on the later of the day on which this Act receives the Royal Assent or immediately after the commencement of Part 1 of Schedule 1 to the Higher Education Legislation Amendment Act (No. 2) 2002 , for items 22 and 23 of Part 3 of Schedule 1 to commence immediately after the commencement of subsection 23(1C) of the Higher Education Funding Act 1988 and for all other provisions to commence on the day on which this Act receives the Royal Assent.

Clause 3 - Schedule(s)

Provides that each Act that is specified in a Schedule is amended or repealed as set out in the applicable items in the Schedule and that any other item in a Schedule has effect according to its terms.