Document ID: chunk:federal_register_of_legislation:C2016C00429:section:124
Version: federal_register_of_legislation:C2016C00429
Segment Type: section
Provision Reference: s 124
Character Range: 158638–160061

124  Recurrent grants—general
 (1) Each of the following amounts (the recurrent amount):
 (a) an amount in the table in Schedule 7 for a program year;
 (b) an amount in the table in Part 1 of Schedule 8 for a program year;
 (c) an amount in the table in Part 2 of Schedule 8 for a program year;
 (ca) an amount in the table in Part 3 of Schedule 8 for a program year;
 (d) an amount in column 2, 4 or 6 of the table in Part 1 of Schedule 9 for a program year;
 (e) an amount in the table in Part 2 of Schedule 9 for a program year;
is replaced for the program year by the amount worked out using the formula:

where:
recurrent number for the program year means:
 (a) 1; or
 (b) if the regulations set out another number for the program year—that other number.
 (2) If an amount worked out under paragraph (1)(a), (b) or (d) is not a multiple of $1,000, the amount is to be rounded to the nearest $1,000 (rounding $500 upwards).
 (3) If an amount worked out under paragraph (1)(c) or (e) is an amount of dollars and cents, the amount is to be rounded to the next higher dollar.
 (4) Before the Governor‑General makes regulations for the purposes of subsection (1), the Minister must consider changes in the relevant figures known as Average Government School Costs published by:
 (a) the Ministerial Council on Education, Employment, Training and Youth Affairs; or
 (b) a prescribed body that has a corresponding function.