Higher Education
Funding Amendment Act 1988
No.
138 of 1988
An
Act to amend the Higher Education Funding
Act 1988
[Assented to 26 December 1988]
BE IT ENACTED by the Queen, and the
Senate and the House of Representatives of the Commonwealth of Australia, as
follows:
Short
title etc.
1. (1) This Act may be cited as the Higher Education Funding Amendment Act 1988.
(2) In this Act, “Principal
Act” means the Higher Education Funding
Act 19881.
Commencement
2. This Act commences on
the day on which it receives the Royal Assent.
3. Section 114 of the
Principal Act is repealed and the following section is substituted:
Sources
of certain payments to States
“114.
Payments (including an advance under section 113) to a State under this Act may
be made out of:
(a)
in the case of payments under Parts 2.3 and 3.2—the Consolidated Revenue Fund
or the Loan Fund; and
(b)
in the case of payments under Parts 2.2, 2.4 and 3.1 and Chapter 5—the
Consolidated Revenue Fund.”.
Authority
to borrow
4. Section 115 of the
Principal Act is amended by omitting “Part 2.3” and substituting “Parts 2.3 and
3.2”.
Application
of money borrowed
5. Section 116 of the
Principal Act is amended by omitting “Part 2.3” and substituting “Parts 2.3 and
3.2”.
Reimbursement
of Consolidated Revenue Fund from Loan Fund
6. Section 117 of the
Principal Act is amended by inserting “or Part 3.2” after “Part 2.3”.
Appropriation
7. Section 118 of the
Principal Act is amended by omitting from subsection (1) “Chapters 3 and 4” and
substituting “Chapter 4”.
NOTE
1. No. 2, 1989.
[Minister’s
second reading speech made in—
House
of Representatives on 3 November 1988
Senate
on 25 November 1988