Explanatory Memorandum
(Circulated by authority of the Minister for Education the Honourable Julia Gillard MP)Schedule 2-Funding clusters
Higher Education Support Act 2003
Item 1 - Section 30-15 (table)
Repeals the table at section 30-15 and substitutes a new table listing the funding clusters for the purposes of HESA. The new table provides a separate funding cluster for Education (to separate it from the funding cluster for Mathematics, Statistics, Behavioural Science, Social Studies, Computing, Built Environment and Other Health).
Item 2 - Section 33-10 (table)
Repeals the table at section 33-10 and substitutes a new table listing the Commonwealth contribution amount for a place in a funding cluster. In addition to specifying new Commonwealth contribution amounts, the new table provides a separate funding cluster for Education (to separate it from the funding cluster for Mathematics, Statistics, Behavioural Science, Social Studies, Computing, Built Environment and Other Health).
Item 3 - Transitional provision - indexation
Item 3 is a transitional provision which specifies that the amounts in the table in section 33-10 of HESA, as amended by Item 2 of Schedule 2, are not to be indexed on 1 January 2010.
Item 4 - Transitional provision
Item 4 is a transitional provision which specifies that the amendments made by Schedule 2 are to be disregarded for the purposes of working out if and how a higher education provider's basic grant for 2010 or earlier years is to be adjusted under Subdivision 33-C of HESA.
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