59DMethod by which the amount of grants under the program are determined for a provider

59D Method by which the amount of grants under the program are determined for a provider

(1) A grant under this program for a Table A provider for 2026 is to be calculated by applying the following formula:

Where:

Start formula Transitional Funding Floor Guarantee equals Max minus CGS Payments end formula

Max is the sum of the amounts the provider was entitled to be paid for 2025 in relation to the following:

(a) the total basic grant amount calculated under subsection 33-5(1) of the Act; and

(b) the Higher Education Continuity Guarantee – Equity program specified in Division 2 of Part 8.

CGS Payments is the total basic grant amount, calculated under subsection 33-5(1) of the Act, the provider was entitled to be paid for 2026.