35BCommonwealth share for transitioning government schools

35B Commonwealth share for transitioning government schools

(1) The Commonwealth share for a transitioning government school for a transition year for the school is the percentage worked out using the following formula: Start formula Starting Commonwealth share plus open square bracket open round bracket Final Commonwealth share minus Starting Commonwealth share close round bracket times Transition rate close square bracket end formula (2) Unless the regulations prescribe otherwise, the starting Commonwealth share is the amount worked out using the following formula (expressed as a percentage): Start formula start fraction The 2017 recurrent funding for the relevant approved authority over The adjusted SRS amount for the relevant approved authority end fraction end formula (3) The 2017 recurrent funding for the relevant approved authority is: (a) if financial assistance was payable under Division 2 of Part 3 for schools of the relevant approved authority for 2017—the sum of the total entitlements for those schools for that year; or (b) if financial assistance was payable under Division 5 of Part 3, or under Part 4, for schools of the relevant approved authority for 2017—the relevant approved authority’s total entitlement for that year. (4) The adjusted SRS amount for the relevant approved authority is the sum of the amounts of financial assistance that would be payable under Division 2 of Part 3 for the schools of the relevant approved authority for 2017 if: (a) Division 2 of Part 3 as in force immediately before the commencement of this paragraph applied for the purposes of working out those amounts; and (b) Divisions 3 and 4 of Part 3 as in force immediately after the commencement of this paragraph applied in relation to 2017; and (c) for the purposes of the operation of paragraphs (a) and (b) in relation to 2017: (i) the Commonwealth share for each school were 100%; and (ii) the SRS funding amount for a primary student were $10,576; and (iii) the SRS funding amount for a secondary student were $13,290; and (iv) the SES score for each school were the score for the school for 2018; and (v) the maximum size loading for a primary school were $166,790; and (vi) the maximum size loading for a secondary school were $266,864; and (vii) the starting amount for a primary school were $11,119; and (viii) the starting amount for a secondary school were $22,239.

Note: The expression SES score was defined in this Act as previously in force in relation to 2017.

(5) The relevant approved authority is: (a) for a school for which financial assistance was payable under Part 3 or 4 of this Act for 2017—the authority that was the approved authority for the transitioning government school immediately before the commencement of this subsection; and (b) for a school prescribed as a transitioning government school by the regulations—the authority prescribed by the regulations. (6) The final Commonwealth share is: (a) unless a percentage is prescribed under paragraph (b)—the percentage that would be the Commonwealth share if the school was not a transitioning government school; or (b) the percentage prescribed by the regulations.