19GNotional funding amount

19G Notional funding amount

Notional funding amount for the school (1) The notional funding amount for the school for the year is (subject to subsection (2)) the school’s total entitlement for the year.

Note: See section 12 of the Act for the definition of a school’s total entitlement for a year.

Exception—schools with a certain approved authority (2) However, in 2019 the notional funding amount for the school for the year is the amount worked out under subsection (4) if the person who was the approved authority for the school in 2019 was also: (a) the school’s approved authority in 2017; and (b) the school’s approved system authority within the meaning of section 5 of the 2013 regulations as in force immediately before 1 January 2018. (3) For the purposes of subsection (2), if: (a) the school’s approved authority in 2017 was the school’s approved system authority within the meaning of section 5 of the 2013 regulations as in force immediately before 1 January 2018; and (b) the school’s approved authority changed legal entity status after 2017; the school’s approved authority in 2017 is taken to be the approved authority for the school in 2019. (4) For the purposes of subsection (2), the amount is worked out under this subsection using the following formula: Start formula 2017 school funding proportion times 2019 approved authority total entitlement end formula where:

2017 school funding proportion for the school is the amount worked out by:

(a) identifying the amount of financial assistance paid to the school’s approved authority in accordance with Part 3 of the Act that was allocated by the approved authority to the school for 2017; and
(b) dividing that amount by the sum of all amounts of financial assistance paid to the school’s approved authority in accordance with Part 3 of the Act that was allocated by the approved authority to the approved authority’s schools for 2017, not including any school for which:
(i) the Minister has not made a determination under section 25 of the Act that applies to the school in either or both 2018 and 2019; or
(ii) the approved authority was not the approved authority in 2019; or
(iii) the approved authority was not taken to be the approved authority for the school in 2019 under subsection (3).

Note: The amount of financial assistance allocated by an approved authority to a school for 2017 can be identified by reference to the approved authority’s report for 2017 given to the Secretary under subsection 36(1).

2019 approved authority total entitlement for the school is the sum of the total entitlements of the approved authority’s schools for 2019 (not including a school whose first funding year is 2018 or 2019).