50Method by which the amount of grants under the program are determined

50 Method by which the amount of grants under the program are determined

(1) Subject to subsections (4) and (5), the Minister will specify the grant amount for a provider or Women in STEM employer under paragraph 41‑30(b) of the Act (and may do so when entering into a deed of agreement with the provider or Women in STEM employer). (2) Grant amounts payable to a provider will be made in relation to students enrolled in an employer reserved place, as mentioned in subsection 47(2) and will be no more than the difference between a student’s total fee liability for the relevant course of study and any up-front fees payable by or on behalf of the student for the course (the student contribution) and as agreed in a deed of agreement with the Commonwealth. (3) A provider may be awarded an extra amount, as specified in their deed of agreement with the Commonwealth (as mentioned in subsection 51(4)), for the purposes of promoting equality of opportunity in higher education (an additional equality of opportunity payment). (4) The maximum grant amount for a Women in STEM employer is $5,000 for each student, for each year, over the duration of the course of study. (5) Notwithstanding subsection 50(4), a Women in STEM employer will not be eligible to receive more than: (a) $10,000 in relation to a student undertaking a course of study that leads to an Australian Qualifications Framework qualification at level 5; and (b) $20,000 in relation to a student undertaking a course of study that leads to an Australian Qualifications Framework qualification at level 6.