Document ID: chunk:federal_register_of_legislation:F2018N00136:clause:1_4
Version: federal_register_of_legislation:F2018N00136
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 8801–9606

4  Allocation of grant amount
 (1) A higher education provider that receives a special grant must allocate an amount of the grant to each eligible Indigenous student in accordance with the following method:
 (a) divide the grant amount by the number of eligible Indigenous students to determine the EFTSL amount; and
  (b) for an eligible Indigenous student undertaking one EFTSL in the grant year – allocate the student an amount equal to the EFTSL amount; and
 (c) for an eligible Indigenous student undertaking a fraction of one EFTSL (EFTSL fraction) in the grant year – allocate the student an amount that is determined by multiplying the EFTSL amount by the EFTSL fraction for the student.
 (2) An amount allocated to a student in accordance with this item is to be known as an initial allocation.