Document ID: chunk:federal_register_of_legislation:F2018C00933:clause:1_5
Version: federal_register_of_legislation:F2018C00933
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 58806–60382

5  Fourth step (Establish a floor and ceiling)
 (1) Subject to subitem (4), for each eligible higher education provider, a normal previous year allocation is calculated by:
 (a) taking the provider's ISSP grant in the previous grant year as at 10 December; and
 (b) subtracting the amount of the grant allocated to the provider to award preserved Indigenous Commonwealth Scholarships; and
 (c) indexing the result of (a) and (b) using the method of indexation set out in Part 5-6 of the Act.
 (2) An eligible higher education provider's ceiling is established by multiplying the provider's normal previous year allocation by 1.15.
 (3) An eligible higher education provider's raw entitlement floor is established by multiplying the provider's normal previous year allocation by 0.85.
 (4) If, in the year before the grant year, an eligible higher education provider:
 (a) did not receive an ISSP grant; and
 (b) received a grant approved under section 38-20 of the Act to use for activities specified in these Guidelines,
  the normal previous year allocation for the provider is the amount calculated in accordance with subitem (5).
 (5) For the purposes of subitem (4), the amount of the normal previous year allocation is:
 (a) where the grant approved under section 38-20 in respect of the eligible higher education provider was to be used for an entire grant year – the amount of the grant approved under section 38-20 in respect of the provider; or
          (b) in any other case - the amount agreed between an administering officer and                  the provider.