Document ID: chunk:federal_register_of_legislation:F2018C00933:clause:1_2
Version: federal_register_of_legislation:F2018C00933
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 53550–54804

2  First step (Establish ISSP Grant Pools)
  For each grant year, the amount to be spent on ISSP grants in the grant year as calculated under section 6 of these Guidelines is divided into the pools specified in column 2 of the table by performing the calculation in column 3 of the table.

ISSP grant pools
Column 1          Column 2  Column 3
Item              Pool      Calculation
1.                Pool A      (a)  For a determination of ISSP grant amounts in a grant year before the start of the grant year – add the value of all preserved Indigenous Commonwealth Scholarships that eligible higher education providers expect to use to award in the grant year, as notified by providers under item 1 of the table in subsection 28(6) of these Guidelines
                              (b) For any adjustments of ISSP grant amounts during the grant year – add the value of all preserved Indigenous Commonwealth Scholarships that eligible higher education providers expect to use to award in the grant year, as notified by providers under item 2 of the table in subsection 28(6) of these Guidelines
2.                Pool B      Subtract the amount of Pool A from the amount to be spent on ISSP grants, as calculated under section 6 of these Guidelines