Document ID: chunk:federal_register_of_legislation:F2025C00123:reg:77
Version: federal_register_of_legislation:F2025C00123
Segment Type: reg
Provision Reference: reg 77
Character Range: 97775–99324

77  Method by which the grant amounts under the program are to be determined
 (1) For Stage 1 grants, the Minister will determine the grant amount for a higher education provider in writing under paragraph 41-30(b) of the Act.
 (2) A grant to a higher education provider for Stage 2 and Stage 3 of the program is to be calculated by applying the following formula:
  Where:
  G is the grant amount for providers in Stage 2 or Stage 3;
  CP is the Commonwealth payment set out in the third column of the following table for a microcredential course in the part of the funding cluster specified in the second column of the table;
  EV is the EFTSL value of the microcredential course;
  EN is either:
 (a) the number of students actually enrolled in microcredential courses with the provider immediately after the census date; or
 (b) if the Minister has specified a maximum number of students for which the provider can receive funding under Stage 2 and Stage 3 in writing under subsection 41-25(2) of the Act, the lesser of:
 (i) the number of students actually enrolled in microcredential courses with the provider immediately after the census date; and
 (ii) the maximum number of students specified by the Minister in writing for which the provider can receive funding under Stage 2 and Stage 3.

Item  Funding cluster:                                                                                                                                                                                                              Commonwealth payment