Document ID: chunk:federal_register_of_legislation:F2020N00014:clause:1_5
Version: federal_register_of_legislation:F2020N00014
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 1880–3332

5  Rollover of ISSP 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 the following higher education providers in respect of the ISSP grant:
 (i) Griffith University; and
 (ii) Flinders University of South Australia.

 (b) the amount specified in column 3 of the table is the amount of the unspent amount of the ISSP grant of a higher education provider specified in column 2 of the table.

Column 1  Column 2                                Column 3
Item      Higher education provider               Amount of unspent amount of ISSP grant
1.        Griffith University                     $200,000.00
2.        Flinders University of South Australia  $196,887.45

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: The ISSP rollover grant amount for a higher education provider listed in paragraph (a) is the amount specified in column 3 of the table for the provider.
Note 3: 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.