Higher Education Support Act 2003

Chapter 2 - Grants for higher education assistance etc  

PART 2-2 - COMMONWEALTH GRANT SCHEME  

Division 33 - How are grant amounts worked out?  

Subdivision 33-D - Special purpose advances  

SECTION 33-40   Advances for certain purposes  

33-40(1)    

The Minister may, if an amount has been specified under subsection (3A), determine that an advance is payable to a higher education provider, in respect of a year, in relation to expenditure of the provider for such purposes as the Minister determines.

33-40(2)    
The Minister may pay an advance to the provider under subsection (1) on such conditions (if any) as the Minister determines.

33-40(3)    

The total of the advances in respect of a year must not exceed the amount specified by the Minister under subsection (3A).

33-40(3A)    

The Minister may, by legislative instrument, specify an amount for the purposes of subsection (3).

33-40(4)    
If the Minister determines an advance for the provider in respect of a year, the amounts of grant payable to the provider under section 33-1 in respect of:

(a) the year next following that year; or

(b) the 2 years next following that year; or

(c) the 3 years next following that year;

are reduced by amounts that equal in total the amount of the advance.

33-40(5)    
Determinations under subsections (1) and (2), and reductions under subsection (4), must be made in accordance with Commonwealth Grant Scheme Guidelines.