Explanatory Memorandum
(Circulated by authority of the Minister for School Education, Early Childhood and Youth, the Honourable Peter Garrett MP)Schedule 2 - Amendment of the Higher Education Support Act 2003
Item 1 - Subsection 41-45(1) (table items 8 and 9)
The purpose of the amendment made by Item 1 is to transfer $1.69 million in annual funding in respect of 2012 and 2013 for the Batchelor Institute of Indigenous Tertiary Education from the IETA Act to the Other Grants program under the HESA Act.
Under this amendment, new table items 8 and 9 under subsection 41-45(1) of the HESA Act respectively provide that the maximum payment to be made for Other Grants in respect of the appropriation year 2012 shall be $2,057,978,000 and in respect of the appropriation year 2013 shall be $2,181,068,000.
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