Document ID: chunk:federal_register_of_legislation:F2018C00933:clause:1_7:p1
Version: federal_register_of_legislation:F2018C00933
Segment Type: clause
Provision Reference: sch 1 cl 7 (pt 1/2)
Character Range: 61218–64070

7  Sixth step (Redistribute any Pool B residual)
 (1) Any Pool B residual is determined by subtracting the sum of all eligible higher education providers' interim allocation amounts from Pool B.
 (2) If:
 (a) the result of the calculation in subitem (1) is positive, repeat the function described in subsection (4) (Function 1) until the result is zero and then go to the seventh step in Item 8 of this Schedule;
 (b) the result of the calculation in subitem (1) is negative, repeat the function described in subsection (5) (Function 2) until the result is zero and then go the seventh step in Item 8 of this Schedule;
 (c) the result of the calculation in subitem (1) is zero, go to the seventh step in Item 8 of this Schedule.
 (3) For each eligible higher education provider, the provider's Pool B entitlement is the provider's interim allocation amount when Pool B equals the sum of the interim allocation amounts for all eligible higher education providers.
 (4) For the purposes of this Item, Function 1 has the following steps:
 (a) set aside any eligible higher education provider (ceiling capped provider) whose interim allocation is set at the provider's ceiling under subparagraph 6(b)(i) of this Schedule;
 (b) sum the interim allocation amounts of all eligible higher education providers (non‑ceiling capped providers) whose interim allocation amount is not set at the provider's ceiling under subparagraph 6(b)(i) of this Schedule;
 (c) calculate each non-ceiling capped provider's proportional share of the total from paragraph (b);
 (d) for each non-ceiling capped provider, multiply the provider's share by the difference between Pool B and the sum of all eligible higher education provider's interim allocation amounts;
 (e) subject to paragraph (f), for each non-ceiling capped provider, calculate a new interim allocation for the provider by adding the amount for the provider from paragraph (d) to the provider's interim allocation amount;
 (f) if the new interim allocation for a non-ceiling capped provider is greater than or equal to the provider's ceiling, then the provider's new interim allocation is set at the provider's ceiling and the provider is a ceiling capped provider for any subsequent repetitions of Function 1;
 (g) calculate the difference between Pool B and the sum of all ceiling capped provider interim allocation amounts and all new interim allocation amounts for non-ceiling capped providers.
 (5) For the purposes of this Item, Function 2 has the following steps:
 (a) set aside any eligible higher education provider (floor capped providers) whose interim allocation amount is set at the provider's floor under subparagraph 6(b)(ii) of this Schedule;
 (b) sum the interim allocation amounts of all eligible higher education providers (non‑floor capped providers) whose interim allocation is not set at the