Education Legislation Amendment (2021 Measures No. 2) Act 2021 (55 of 2021)

Schedule 1   Higher education support amendments

Part 4   Grants for Commonwealth scholarships

Higher Education Support Act 2003

20   Subsection 46-35(1)

Repeal the subsection, substitute:

(1) If a higher education provider to which a grant (the original grant )under this Part has been made in respect of a year fails to spend an amount (the unspent amount ) of the grant before the end of the year, then:

(a) unless paragraph (b) applies - the unspent amount is taken to be granted to the provider under this Part in respect of the next following year; or

(b) if the *Secretary specifies an amount (not greater than the unspent amount) in relation to the provider and the original grant in a determination under subsection (1A) - the specified amount is taken to be granted to the provider under this Part in respect of the next following year.

(1A) The *Secretary may, in writing, make a determination for the purposes of paragraph (1)(b) specifying an amount in relation to a higher education provider and a grant.