2013-2014

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

Higher Education and Research Reform Amendment Bill 2014

 

 

(Government)

( 1 )     Schedule  1 , page 53 (after line 12) , after Part  4 , insert:

Part 4A — Amendments of other Guidelines

Other Grants Guidelines (Education) 2012

204B  Chapter 6

Repeal the Chapter, substitute:

CHAPTER 6 GRANTS TO FOSTER STRUCTURAL ADJUSTMENT OR REFORM

 

STRUCTURAL ADJUSTMENT FUND

 

6.1       Purpose

 

6.1.1       The purpose of this chapter is:

 

a)   to specify the Structural Adjustment Fund as a program, beginning in 2016, from which grants to foster structural adjustment or reform in higher education may be made in accordance with paragraph 41-10(1)(i) of the Act; and

b)   to specify some of the matters listed in paragraphs 41-15(2)(a) to (f) of the Act.

 

6.5       Program objective

 

6.5.1       The objective of the Structural Adjustment Fund is to foster structural adjustment or reform in higher education by providing assistance in the 3 years following commencement of Schedule 1 to the Higher Education and Research Reform Amendment Act 2014 to:

 

a)   higher education providers operating in markets where there is low capacity to immediately achieve additional revenue; and

b)   moderately research-intensive higher education providers in relatively low population centres that have a relatively high proportion of students from a low socio-economic background and, consequently, limited capacity to immediately re-direct resources to maintain their research efforts.

 

6.10     Extra conditions of eligibility

 

6.10.1     A body corporate is eligible to receive a grant under the Structural Adjustment Fund if it is a registered higher education provider that is a Table A provider.

 

Note that in approving (under section 41-20 of the Act) a grant to a provider under the program, the Minister may take account of factors such as the market in which the provider operates and its capacity to achieve additional revenue.

 

6.15     Total program funds

 

6.15.1     The maximum amount of funding available for allocation over 3 years under the Structural Adjustment Fund is:

 

a)   $53,500,000 in the 2016 grant year; and

b)   $31,000,000 in the 2017 grant year; and

c)   $15,500,000 in the 2018 grant year.

[structural adjustment fund]