Document ID: chunk:federal_register_of_legislation:F2018C00933:reg:14
Version: federal_register_of_legislation:F2018C00933
Segment Type: reg
Provision Reference: reg 14
Character Range: 18169–20435

14  Using ISSP grants
 (1) A higher education provider that receives an ISSP grant must use the grant:
 (a) to administer and deliver any or all of the activities specified in these Guidelines, including any activities the provider is required to deliver under these Guidelines; and
 (b) in the grant year, unless the Secretary has made a determination under subsection 38-40 of the Act in relation to the provider; and
 (c) to supplement at least some of the activities of the provider established using a grant paid to the provider under other Parts of the Act.
Note:  A higher education provider may be required to use an ISSP grant to award scholarships to Indigenous students and to provide certain support for Indigenous students: see sections 28(5) and 34 of these Guidelines.
  A higher education provider's approval may be revoked if the provider fails to comply with, relevantly, the Act and any Guidelines made under section 238-10 of the Act that apply to the provider: see sections 19-65 and 22-15 of the Act.
  The Act stipulates rules for the treatment of unspent grant amounts, reduction and repayment of grants, and overpayment. Specifically:
(a) section 38-40 of the Act enables the Secretary to rollover unspent grant amounts paid under Part 2-2A of the Act to the next year;
(b) Part 2-5 of the Act provides that a higher education provider may have their grants reduced, or be required to repay a grant, for breaches of conditions of grants, including grants under Part 2-2A of the Act;
(c) 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.
 (2) A higher education provider must hold all unspent ISSP grant money in an account that meets the following criteria:
 (a) the account is with a deposit-taking institution authorised under the Banking Act 1959 (Cth) to carry on business in Australia; and
 (b) the account is in the name of the provider; and
 (c) the account is wholly controlled by the provider.
 (3) A higher education provider must manage its account and financial records so that all receipts and expenditure of an ISSP grant are clearly identifiable and ascertainable at all times.