HIGHER EDUCATION FUNDING ACT 1988

CHAPTER 2 - GRANTS FOR HIGHER EDUCATION ASSISTANCE

[ CCH Note: Act No 150 of 2003, s 3 and Sch 1 items 19 and 24, contain the following transitional provisions:

``Rollover of 2004 grants made under the Higher Education Funding Act 1988
19
If:

(a) a body receives a grant of financial assistance under Chapter 2 of the old Act during the year 2004; and

(b) the body fails to spend all of that grant in accordance with the old Act in respect of the year 2004; and

(c) the Secretary determines in writing that this paragraph applies to the body;
then so much of the unspent grant amount as the Secretary specifies in relation to the grant will be taken to have been granted to the body under the new Act in respect of the year 2005:

(d) under the section of the new Act that the Secretary specifies in the determination; and

(e) on such conditions as the Secretary specifies in the determination.
Definitions
24
In this Schedule:
new Act
means the Higher Education Support Bill 2003 .

old Act
means the Higher Education Funding Act 1988 .'']

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PART 2.2 - OPERATING AND OTHER GRANTS

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SECTION 20 GRANTS FOR SUPERANNUATION EXPENSES

20(1)
The Minister may determine, for the purposes of this section, that expenditure of a specified kind by institutions to which this section applies, being expenditure in relation to the provision of superannuation benefits for staff of such institutions whose salaries are funded from grants provided under this Act for operating purposes or limited operating purposes, is to be relevant superannuation expenditure.

20(2)
Where the Minister is satisfied that an institution has incurred, or will incur, relevant superannuation expenditure, the Minister may determine an amount of additional financial assistance payable to the institution in respect of a year to which this Chapter applies, and, subject to subsection (3), as from 1 January in that year, the amount determined under section 15 or 16 , as the case requires, in relation to the institution in respect of that year shall be taken to be increased by the first-mentioned amount.

20(3)
The total of the amounts determined under subsection (2) in respect of a year shall not exceed:

(a) in the case of the year 1989 - $108,829,000;

(b) in the case of the year 1990 - $104,931,000;

(c) in the case of the year 1991 - $40,979,000;

(d) in the case of the year 1992 - $53,191,000; and

(e) in the case of the year 1993 - $54,065,000; and

(f) in the case of the year 1994 - $78,613,000; and

(g) in the case of the year 1995 - $69,037,000; and

(h) in the case of the year 1996 - $102,027,000; and

(i) in the case of the year 1997 - $102,027,000; and

(j) in the case of the year 1998 - $108,673,000; and

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(k) in the case of the year 1999 - $112,664,000; and

(l) in the case of the year 2000 - $118,297,000; and

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(m) in the case of the year 2001 - $100,000,000; and

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(n) in the case of the year 2002 - $112,793,000; and

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(o) in the case of the year 2003 - $121,497,000; and

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(p) in the case of the year 2004 - $124,340,000.

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View history note

History

S 20(3) amended by No 150 of 2003, s 3 and Sch 2 item 2, by substituting ``$124,340,000'' for ``$121,259,000'' in para (p), effective 1 January 2004.

S 20(3) amended by No 87 of 2003, s 3 and Sch 1 item 2, by substituting para (o), effective 23 September 2003. Para (o) formerly read:

(o) in the case of the year 2003 - $121,259,000; and

S 20(3) amended by No 87 of 2002, s 3 and Sch 1 item 2, by substituting paras (o) and (p), effective 21 October 2002. Paras (o) and (p) formerly read:

(o) in the case of the year 2003 - $118,690,000; and

(p) in the case of the year 2004 - $118,690,000.

S 20(3) amended by No 78 of 2002, s 3 and Sch 1 item 2, by substituting paras (n), (o) and (p) for paras (n) and (o), effective 8 October 2002. Paras (n) and (o) formerly read:

(n) in the case of the year 2002 - $106,472,000; and

(o) in the case of the year 2003 - $97,079,000.

S 20 amended by No 86 of 2001, s 3 and Sch 1 item 5, by substituting paras (m), (n) and (o) for paras (m) and (n), effective 18 July 2001. Paras (m) and (n) formerly read:

(m) in the case of the year 2001 - $124,754,000; and

(n) in the case of the year 2002 - $128,910,000.

S 20(3) amended by No 130 of 2000, s 3 and Sch 1 items 5 and 6, by substituting $124,754,000 for $122,153,000 in para (m) and inserting para (n), effective 13 November 2000.

S 20(3) amended by No 158 of 1999, s 3 and Sch 1 item 4, by substituting paras (l) and (m) for para (l), effective 8 December 1999. Paragraph (l) formerly read:

(l) in the case of the year 2000 - $116,280,000.

S 20(3) amended by No 112 of 1998, s 3 and Sch 1 item 5, by substituting para (j), (k) and (l) for para (j), effective 8 December 1998. Para (j) formerly read:

(j) in the case of the year 1998 - $103,636,000.

S 20 amended by Nos 80 and 168 of 1989; No 122 of 1990; Nos 53 and 177 of 1991; Nos 74 and 158 of 1992; No 116 of 1993; No 24 of 1994 (as amended by No 147 of 1994); Nos 135 and 163 of 1995; Nos 72 and 74 of 1996; and No 125 of 1997.

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