Document ID: chunk:federal_register_of_legislation:C2004A01381:clause:1_37d
Version: federal_register_of_legislation:C2004A01381
Segment Type: clause
Provision Reference: sch 1 cl 37D
Character Range: 19975–20895

37D  Caps

Total cap

 (1) The TCF Post‑2005 (SIP) scheme must make provision for ensuring that the total of the grants (including advances on account of grants) paid under the scheme does not exceed $575,000,000.

Note: Section 37V deals with advances on account of grants.

Cap for 2005‑2006 to 2009‑2010 income years

 (2) The scheme must also make provision for ensuring that the total of the grants (including advances on account of grants) paid under the scheme in respect of expenditure incurred in the 2005‑2006 to 2009‑2010 income years does not exceed $487,500,000.

Cap for 2010‑2011 to 2014‑2015 income years

 (3) The scheme must also make provision for ensuring that the total of the grants (including advances on account of grants) paid under the scheme in respect of expenditure incurred in the 2010‑2011 to 2014‑2015 income years does not exceed $87,500,000.

Division 3—General policy objectives