Senate

Australian Research Council (Consequential and Transitional Provisions) Bill 2000

Australian Research Council (Consequential and Transitional Provisions) Act 2001

Explanatory Memorandum

(Circulated by authority of the Minister for Education, Training and Youth Affairs, the Honourable Dr David Kemp MP)

This memorandum takes account of amendments made by the House of Representatives to the Bill as introduced

Financial impact

In accordance with the changes to the Commonwealths funding framework for research funding, this Bill transfers funds from the funds for operating purposes under HEFA (section 15) to special research assistance (section 23). The amendment also takes into account that funds previously allocated under special research assistance will be appropriated under the Australian Research Council Act 2000 from 2001 and that $3,500,000 of year 2000 funding under paragraph 23C(2)(h) of HEFA is to be made available for appropriation in 2001 under the Australian Research Council Act 2000 .

When both the Australian Research Council Bill 2000 and this Bill are taken into account, there is no net financial impact.

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