HIGHER EDUCATION FUNDING ACT 1988

CHAPTER 2 - GRANTS FOR HIGHER EDUCATION ASSISTANCE  

PART 2.2 - OPERATING AND OTHER GRANTS  

SECTION 19   GRANTS FOR RESTRUCTURING AND RATIONALISATION PROGRAMS  

19(1)    
The Minister may determine, in respect of a year, an amount of financial assistance for an institution to which section 15 applies if the Minister is satisfied that the assistance will contribute towards restructuring and rationalising activities of the institution.

19(2)    
The Minister may make a determination under subsection (1) subject to conditions.

19(3)    
If the Minister determines an amount of financial assistance for an institution in respect of a year under subsection (1), the amount payable under section 15 to the institution in respect of the year is to be increased, from 1 January in that year, by the amount of the determination.

19(4)    
A determination under subsection (1) must be made in accordance with guidelines issued by the Minister.





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