Document ID: chunk:federal_register_of_legislation:F2020L01607:schedule:1:p10
Version: federal_register_of_legislation:F2020L01607
Segment Type: schedule
Provision Reference: sch 1 (pt 10/10)
Character Range: 26314–28802

Priorities and Industry Linkage Fund (NPILF) is specified as a program for the purposes of subsection 41‑15(1) of the Act. This Part also specifies matters listed in subsection 41‑15(2) of the Act in relation to that program.

8.1.5 The purpose of the NPILF is to provide grants to eligible higher education providers to encourage those providers to engage with industry to produce job-ready graduates, in accordance with item 13 of the table in subsection 41‑10(1) of the Act.

8.5  Program objectives

8.5.1 The key objectives of the NPILF are to:

       (a)    increase the number of internships, practicums and other innovative approaches to work integrated learning across all disciplines;

       (b)    increase the number of STEM-skilled graduates and improve their employment outcomes; and

       (c)    reward universities for the development of partnerships and collaborations with industry.

8.10 Extra conditions of eligibility

8.10.1 Table A providers are eligible to receive a grant under the NPILF.

8.15 Total NPILF funding

8.15.1 The total amount of funding available for grants under the NPILF for the grant years 2021, 2022, 2023 and 2024 is $900 million, with $222 million available in 2021.

8.15.5 The total amount of funding available for each of the 2022, 2023 and 2024 grant years will be $222 million adjusted each year from 1 January 2022, using the method of indexation set out in Part 5-6, Division 198 of the Act.

8.20 Calculation of grant amounts

8.20.1 Eligible providers will receive the relevant grant amount specified in the table below, based on the number of Commonwealth supported places (CSPs) the provider has provided for a grant year (as calculated using the latest year of verified data) in the relevant enrolment band:

Enrolment band                Amount of grant for the year
Less than 9,999 CSPs          $3.25 million
Between 10,000 – 14,999 CSPs  $4.75 million
Between 15,000 – 21,999 CSPs  $7.0 million
Greater than 22,000 CSPs      $8.75 million

8.20.5 The amounts in the table at section 8.20.1 will be adjusted each year using the method of indexation set out in Part 5-6, Division 198 of the Act.

8.25 Conditions of grant

8.25.1 NPILF grants must be used by providers to achieve the objective listed in section 8.5.1.

8.25.5 In addition to any conditions imposed by these Guidelines, the recipient of a grant under the NPILF must also comply with any terms of the grant approval imposed by the Minister.