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Higher Education Legislation Amendment (2007 Budget Measures) Bill 2007

Schedule 3 Term of funding agreements

Part 1 Amendments commencing on Royal Assent

Higher Education Support Act 2003

1  At the end of paragraph 30-1(1)(c)

Add “or in respect of a period that includes that year”.

2  Subsection 30-25(1)

Repeal the subsection, substitute:

             (1)  The Minister may, on behalf of the Commonwealth, enter into a funding agreement with a higher education provider:

                     (a)  relating to a grant under this Part in respect of a year (the grant year ); or

                     (b)  relating to grants under this Part in respect of each year in a period of 3 years (the grant years ).

3  Subsection 30-25(2)

After “the grant is”, insert “, or the grants are,”.

4  Subsection 30-25(2) (note)

After “the grant”, insert “or grants”.

5  Subsections 30-25(2A) and (2B)

After “the grant is”, insert “, or the grants are,”.

6  Paragraph 30-25(3)(a)

After “grant year” (wherever occurring), insert “or grant years”.

7  Paragraphs 30-25(3)(b) to (da)

After “grant year”, insert “or grant years”.

8  At the end of subsection 36-70(3)

Add “or in respect of a period that includes that year”.

9  Application of amendments made by this Part

The amendments made by this Part apply to funding agreements entered into under subsection 30-25(1) of the Higher Education Support Act 2003 in relation to grants in respect of 2008 or in respect of a period that includes 2008.



 

Part 2 Amendments commencing 1 January 2008

Higher Education Support Act 2003

10  Paragraph 30-1(1)(c)

Omit “in respect of that year or”.

11  Subsection 30-25(1)

Repeal the subsection, substitute:

             (1)  The Minister may, on behalf of the Commonwealth, enter into a funding agreement with a higher education provider relating to grants under this Part in respect of each year in a period of 3 years (the grant years ).

12  Subsection 30-25(2)

Omit “the grant is, or the grants are,”, substitute “the grants are”.

13  Subsection 30-25(2) (note)

Omit “grant or”.

14  Subsections 30-25(2A) and (2B)

Omit “the grant is, or the grants are,”, substitute “the grants are”.

15  Paragraphs 30-25(3)(b) to (da)

Omit “grant year or”.

16  Subsection 36-70(3)

Omit “in respect of the year or”.

17  Application of amendments made by this Part

The amendments made by this Part apply:

                     (a)  to funding agreements entered into under subsection 30-25(1) of the Higher Education Support Act 2003 in relation to grants in respect of 2009 and later years; and

                     (b)  to funding agreements entered into under subsection 30-25(1) of the Higher Education Support Act 2003 in respect of each year in a period of 3 years that includes 2008.