Document ID: chunk:federal_register_of_legislation:F2020C01035:reg:5
Version: federal_register_of_legislation:F2020C01035
Segment Type: reg
Provision Reference: reg 5
Character Range: 4289–5943

5  Rollover of ISSP grant amounts
    For the purposes of subsection 38-40(1) of the Act, the following is determined under subsection 38-40(3) of the Act:
 (a) section 38-40 applies to the following higher education providers in respect of the ISSP grant:
 (i) Charles Sturt University;
 (ii) University of South Australia
 (iii) University of Newcastle;
 (iv) University of New England; and
 (v) Central Queensland University

 (b) the amount specified in column 3 of the table is the amount of the unspent amount of the ISSP grant of a higher education provider specified in column 2 of the table.

Column 1  Column 2                       Column 3
Item      Higher education provider      Amount of unspent amount of ISSP grant
1.        Charles Sturt University       $400,000
2.        University of South Australia  $175,697
3.        University of Newcastle        $382,000
4.        University of New England      $250,609
5.        Central Queensland University  $50,000

Note 1: If section 38-40 is determined to apply to a higher education provider in respect of a grant, then the effect of subsection 38‑40(1) of the Act is to rollover the amount of the unspent amount of the grant that is determined to the next following year as a new grant under Part 2-2A of the Act.
Note 2: The ISSP rollover grant amount for a higher education provider listed in paragraph (a) is the amount specified in column 3 of the table for the provider.
Note 3: Section 164-15 of the Act provides that an overpayment of an amount made to a higher education provider may be deducted from a future amount payable or recovered as a debt due to the Commonwealth.