EXPLANATORY STATEMENT
Issued by the authority of the Minister for Education, Science and Training
Determination No. T66 of 2004 (2004-474) under section 15 of the Higher Education Funding Act 1988
LEGISLATIVE BASIS FOR THE DETERMINATION
Under section 15 of the Higher Education Funding Act 1988 (the Act), the Minister may determine the amount of financial assistance payable to an institution in relation to the expenditure for operating purposes by the institution in a specified year.
The Minister has delegated his powers under section 15 by way of a delegation made under section 112 of the Act to the Group Manager, Higher Education Group.
BACKGROUND
The Commonwealth provides financial assistance to higher education institutions in the form of a single block operating grant based on a target student load and having regard to the educational profile of the institution.
Grants of financial assistance for expenditure by institutions for operating purposes are paid to institutions under section 15 of the Act and from the Higher Education Trust Fund.
COMMENCEMENT
The instrument commences the day after it is registered on the Federal Register of Legislative Instruments in accordance with the Legislative Instruments Act 2003.
NOTES TO THE DETERMINATION
The adjustment to marginal funding for 2004 is based on submission 2 enrolment data from institutions.