Commonwealth Consolidated Acts

HIGHER EDUCATION SUPPORT ACT 2003 - SECT 33.25

Corrected basic amount is less than the basic grant amount (Table A and B providers)

             (1)  The * basic grant amount for a * Table A provider or a * Table B provider for a year is reduced by an adjustment if the provider's * corrected basic amount for the preceding year was less than 99% of the provider's basic grant amount for that year.

             (2)  The adjustment under subsection (1) is the lower of the following amounts:

                     (a)  an amount equal to the difference between:

                              (i)  99% of the basic grant amount; and

                             (ii)  the * corrected basic amount;

                     (b)  4% of the basic grant amount.

Corrected basic amount is less than the basic grant amount (non‑Table A and B providers)

             (3)  The * basic grant amount for a higher education provider that is not a * Table A provider or a * Table B provider is reduced by an adjustment if the provider's * corrected basic amount for the preceding year was less than the provider's basic grant amount for that year.

             (4)  The adjustment under subsection (3) is an amount equal to the difference between:

                     (a)  the basic grant amount; and

                     (b)  the * corrected basic amount.

Meaning of corrected basic amount

             (5)  The provider's corrected basic amount for a year is what would have been the provider's * basic grant amount for the year if:

                     (a)  the * number of Commonwealth supported places allocated to the provider for that year under section 30‑10 had equalled the number of Commonwealth supported places provided by the provider during that year; and

                     (b)  the places allocated had been distributed under subsection 30‑10(2) between the * funding clusters in a way that reflected:

                              (i)  the units of study in which * Commonwealth supported students were enrolled with the provider during that year; and

                             (ii)  the funding clusters in which those units are included.

Corrected basic amount is more than the basic grant amount (Table A and B providers)

             (6)  The * basic grant amount for a year for a * Table A provider or a * Table B provider is increased by an adjustment if the provider's * corrected basic amount for the preceding year was more than the provider's basic grant amount for the year.

             (7)  The adjustment under subsection (6) is the lower of the following amounts:

                     (a)  an amount equal to the difference between:

                              (i)  the * corrected basic amount; and

                             (ii)  the * basic grant amount;

                     (b)  10% of the basic grant amount.