Document ID: chunk:federal_register_of_legislation:C2024A00097:clause:1_3
Version: federal_register_of_legislation:C2024A00097
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 4953–5936

3  Preamble (after the paragraph beginning "The Commonwealth will deliver")
Insert:
  The Commonwealth's investment in a better and fairer education system, as set out in this Act, provides a pathway to full and fair funding for Australian schools. It embeds a Commonwealth funding floor for government schools in all States and the Australian Capital Territory, by specifying that the Commonwealth share for such schools must be a minimum of 20 per cent; and it enables the Commonwealth to increase this funding share where there is an agreement in place to do so. Further, the Act embeds a Commonwealth funding floor of a minimum Commonwealth share of 40 per cent for government schools in the Northern Territory from 2029. This floor applies certainty and surety to the Commonwealth's investment in government schools. It establishes a mechanism to protect the funding shares for government schools in Australia to make sure that Commonwealth funding shares cannot go backwards.