66AEMethod by which the amount of grants under the program are determined for a provider

66AE Method by which the amount of grants under the program are determined for a provider

(1) Grants will be made to eligible higher education providers each year based on the provider’s percentage share of total students of all eligible providers who are domestic undergraduate students from a low socioeconomic background, students from regional areas and remote areas and students who are Indigenous persons, using the applicable formula for a year as set out in subsection (2). (2) Grant amounts for a provider for a year are to be calculated by applying the following formula (ignoring any amount rolled over because of section 41-40 of the Act): start formula A open bracket 0.45 open bracket B over C close bracket plus 0.45 open bracket D over E close bracket plus 0.1 open bracket F over G close bracket close bracket end formula Where: A is the total amount available for the year under the program, as set out in subsection 66AC(2); B is the total number of domestic undergraduate students from low socioeconomic backgrounds enrolled at the relevant higher education provider, based on each student’s address at the time the student first enrols in a course of study with the provider, as reflected by the most recent data reported and verified by the provider through the HESDC, and accepted by the Department; C is the total number of domestic undergraduate students from low socioeconomic backgrounds enrolled at all Table A providers, based on each student’s address at the time the student first enrols in a course of study at the relevant provider, as reflected by the most recent data reported and verified by those providers through the HESDC, and accepted by the Department; D is the total number of domestic undergraduate students enrolled at the relevant higher education provider with a permanent residential address in a regional area or a remote area at the time the student first enrols in a course of study with the provider, as reflected by the most recent data reported and verified by the provider through the HESDC, and accepted by the Department; E is the total number of domestic undergraduate students enrolled at all Table A providers that have a permanent residential address in a regional area or a remote area at the time the student first enrols in a course of study with the provider, as reflected by the most recent data reported and verified by those providers through the HESDC, and accepted by the Department; F is the total number of domestic undergraduate Indigenous persons enrolled at the relevant higher education provider, as reflected by the most recent data reported and verified by the provider through the HESDC, and accepted by the Department; G is the total number of domestic undergraduate Indigenous persons enrolled at all Table A providers, as reflected by the most recent data reported and verified by those providers through the HESDC, and accepted by the Department. (3) In subsection (2) a reference to most recent data means the data for a full year reported and verified by the provider through the HESDC as at the last quarter of the year prior to the year to which the grant relates.