Document ID: chunk:federal_register_of_legislation:F2020L01437:schedule:1:p3
Version: federal_register_of_legislation:F2020L01437
Segment Type: schedule
Provision Reference: sch 1 (pt 3/3)
Character Range: 7293–9476

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 41-40 of the Act.

4 Before sub-subparagraph 2.5(3)(a)
Insert:
(aa) Australian Academy of Health and Medical Sciences (AAHMS);