Document ID: chunk:federal_register_of_legislation:F2021N00243:clause:1_5
Version: federal_register_of_legislation:F2021N00243
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 1880–2883

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 University of Tasmania in respect of the ISSP grant; and

 (b) $1,210,191.87 is the amount of the unspent amount of the ISSP grant.
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 as a grant made under Part 2-2A of the Act in respect of the next following year .

            Note 2:       The grant amount of the University of Tasmania rollover grant is the amount in paragraph 5(b) of this instrument.

            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.