78Ongoing funding requirements for approved authorities

#### 78 Ongoing funding requirements for approved authorities (1) This section sets out the ongoing funding requirements for an approved authority for a school for the purposes of subparagraph 73(1)(b)(iii) and paragraph 81(1)(a). (2) The ongoing funding requirements for all approved authorities are the following: (a) the approved authority deals, in accordance with the regulations, with financial assistance that is payable under Division 2 of Part 3 (funding formula for schools) or Division 2 or 3 of Part 5 (capital funding and other funding for schools) to the authority; (b) the approved authority complies with requirements prescribed by the regulations in relation to monitoring the authority’s compliance with this Act. > Note: Before regulations are made for the purposes of this section that will affect an approved authority for a government school, the Minister must consult, and have regard to any relevant decisions of, the Ministerial Council (see subsection 130(5)). (3) An ongoing funding requirement for an approved authority for more than one school is to distribute all financial assistance received in accordance with Division 2 of Part 3 in accordance with a needs‑based funding arrangement determined by the approved authority that complies with subsection (4) or (5). Funding arrangement based on Division 2 of Part 3 (4) A needs‑based funding arrangement that complies with this subsection distributes to each school for which the authority is approved the amount of financial assistance worked out for the school under Division 2 of Part 3. Funding arrangement based on other factors (5) A needs‑based funding arrangement that complies with this subsection: (a) provides an amount per student that: (i) represents the recurrent resources required to support a student with minimal educational disadvantage to achieve expected educational outcomes; and (ii) takes account of efficiencies that can be realised while improving educational outcomes; and (b) in addition to the amount per student mentioned in paragraph (a), provides loadings to students and schools with additional needs in order to support student achievement, including loadings for the following: (i) students with disability; (ii) Aboriginal and Torres Strait Islander students; (iii) students with socio‑educational disadvantage; (iv) students who have low English proficiency; (v) schools based on location; (vi) schools based on size; and (c) is publicly available and transparent. (6) An approved authority that distributes financial assistance in accordance with subsection (5) is an approved system authority.