Higher Education Support (Transitional Provisions and Consequential Amendments) Act 2003 (150 of 2003)

Schedule 2   Amendments

Part 2   Transitional financial assistance

Higher Education Funding Act 1988

8   After section 110

Insert:

110A Transitional financial assistance

(1) There is payable, to an institution to which financial assistance was payable under Chapter 2 in respect of the year 2004, such amount as the Minister determines in respect of a year referred to in subsection (2).

(2) The total of the amounts that are payable under this section must not exceed:

(a) for the year 2005 - $21,536,000; and

(b) for the year 2006 - $9,411,000; and

(c) for the year 2007 - $7,393,000.

Part 2A - HEC repayment thresholds for the 2004-05 year of income