Document ID: chunk:federal_register_of_legislation:F2024C00098:body:0:p6
Version: federal_register_of_legislation:F2024C00098
Segment Type: other
Provision Reference: 
Character Range: 14130–16905

are then returned to HEPs that added to the notional safety net pool under subparagraph 1.4.20(2), based on their percentage contribution to the safety net pool.

1.4.25  RSP Base Grant Amounts for 2022 and future Grant Years

For 2022 and future Grant Years, the transitional safety net as specified in paragraph 1.4.20 is not applied to RSP Base Grant Amounts.

1.4.30  COVID-19 Supplementary Grant Amounts

For the 2021 Grant Year, the COVID-19 Supplementary Grant Amount for a HEP will be calculated using the same method for calculating a RSP Base Grant Amount specified in paragraph 1.4.15 with the RSP Funding Pool substituted with the
COVID-19 Supplementary Funding Pool. The Transitional Safety Net outlined in paragraph 1.4.20 will not be applied to COVID-19 Supplementary Grant Amounts.

1.4.35  Rounding Process

The rounding process for RSP Grant Amounts is as follows:

     (1) The Grant Amount calculated for each HEP under paragraph 1.4.5 is rounded down to the nearest whole dollar. The difference in cents between a HEP's rounded and unrounded RSP Grant Amount is its Remainder. The sum of all Remainders is the Unallocated Dollars.

     (2) Each HEP is ranked in descending order based on how close the HEP's remainder is to one hundred cents. One dollar is paid to each HEP in order of ranking until all Unallocated Dollars are paid.

     (3) Each HEP's RSP Grant Amount is equal to the rounded amount calculated under subparagraph 1.4.35(1) plus any whole dollars assigned in subparagraph 1.4.35(2).

1.4.40  Adjustments

     (1) If a HEP provides incorrect HERDC data used to calculate the HEP's RSP Grant Amount for a Grant Year, the HEP must correct the information provided to the department ('corrected data').

     (2) If the HEP provides corrected data on or before 1 October in the year the data was first provided, the department will take into account the corrected data when calculating RSP Grant Amounts under paragraph 1.4.5.

     (3) Subject to subparagraph 1.4.40(4), if a HEP provides corrected data after 1 October in the year the data was first provided, the corrected data will not be used to calculate, or adjust, the HEP's RSP Grant Amount for a Grant Year.

     (4) Where corrected data is provided in accordance with subparagraph 1.4.40(3), the department will use the method specified in paragraph 1.4.5 to determine the Grant Amount the HEP would have been paid for the Grant Year if the corrected data had been used. If the department determines that the HEP has received an overpayment in respect of the Grant Year, the HEP must repay the amount of the overpayment to the department.

1.4.45  Rollover of Grant Amounts

A RSP grant is made in respect of the relevant Grant Year for the purpose of section