Document ID: chunk:federal_register_of_legislation:F2021N00035:clause:1_5
Version: federal_register_of_legislation:F2021N00035
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 2116–3234

5  Rollover of grant amounts
    For the purposes of subsection 38-40(1) of the Act, the following is determined under subsection 38-40(3) of the Act:
 (a) section 38-40 applies to Flinders University in respect of each grant specified in column 2 of the table; and
 (b) the amount specified in column 3 of the table is the amount of the unspent amount of the grant specified in column 2 of the table.

Column 1  Column 2                  Column 3
Item      Grant                     Amount of unspent amount of grant
1.        ISSP grant                $281,000
2.        2020 ISSP rollover grant  $80,000

Note 1: If section 38-40 is determined to apply to a higher education provider in respect of a grant, then the effect of subsection 38‑40(1) of the Act is to rollover the amount of the unspent amount of the grant that is determined to the next following year as a new grant under Part 2-2A of the Act.
Note 2: Section 164-15 of the Act provides that an overpayment of an amount made to a higher education provider may be deducted from a future amount payable or recovered as a debt due to the Commonwealth.