Document ID: chunk:federal_register_of_legislation:C2024C00865:section:68
Version: federal_register_of_legislation:C2024C00865
Segment Type: section
Provision Reference: s 68
Character Range: 89780–91366

68  Limit on total amount available for capital funding for block grant authorities
 (1) The total of the amounts that the Minister determines under subsection 67(2) for a year for block grant authorities must not exceed:
 (a) for 2014—$134,496,000 (the base assistance amount); and
 (b) for any other year:
 (i) the base assistance amount for the year, as indexed under subsection (2) of this section; or
 (ii) if the regulations prescribe another amount as the base assistance amount for the year for the purposes of this section—that other amount.

Indexing the base assistance amount
 (2) The base assistance amount for a year is indexed as follows:

 (3) The indexation percentage is:
 (a) 100%; or
 (b) if the regulations prescribe another percentage (whether more or less than 100%) for the purposes of this paragraph—that percentage.
 (4) Before the Governor‑General makes regulations for the purposes of subsection (3), the Minister must consider changes in the following:
 (a) indexes of building prices and wage costs prescribed by the regulations;
 (b) student enrolment in non‑government schools.
 (5) If the base assistance amount worked out under subsection (2) for a year is not a multiple of $1,000, the amount is to be rounded to the nearest $1,000 (rounding $500 upwards).

Failure to comply with subsection (1)
 (6) A failure to comply with subsection (1) does not affect the validity of a payment made as a result of a determination made under paragraph 28(1)(b) (Minister to determine timing and amounts of capital funding).

Division 3—Other funding for schools