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 .