Document ID: chunk:federal_register_of_legislation:F2018N00136:clause:1_1
Version: federal_register_of_legislation:F2018N00136
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 4866–6664

1  Use of special grants
 (1) Subject to the requirements of this Schedule, a higher education provider that receives a special grant must use the grant in the grant year for one or more of the following purposes:
 (a) to reimburse an eligible Indigenous student for the amount of an eligible payment made by the student in the grant year;
 (b) to make an eligible payment on behalf of an eligible Indigenous student;
 (c) to provide academic support to an Indigenous student in accordance with item 6 or item 7 of this Schedule;
 (d) to do any other thing provided for in this Schedule.
 (2) A higher education provider must not use a special grant to provide a cash advance to an eligible Indigenous student unless:
 (a) the cash advance is to enable the student to make an eligible payment; and
 (b) an administering officer has agreed in writing to the terms of the cash advance.
 (3) Where a student ceases to be an eligible Indigenous student at a higher education provider, the provider must not use a special grant to:
  (a) reimburse the student for an amount of an eligible payment made by the student after the student ceases to be an eligible Indigenous student; or
 (b) make an eligible payment on behalf of the student.
 (4) A higher education provider must hold all unspent special grant money in an account that meets the following criteria:
 (a) the account is with a deposit-taking institution authorised under the Banking Act 1959 (Cth) to carry on business in Australia; and
 (b) the account is in the name of the provider; and
 (b) the account is wholly controlled by the provider.
 (5) A higher education provider must manage its account and financial records so that all receipts and expenditure of the special grant are clearly identifiable and ascertainable at all times.