76Conditions that apply to grants

76 Conditions that apply to grants

Conditions that apply to Stage 1 grants (1) A grant to a higher education provider for the design of a microcredential course must be used to achieve the program objectives as set out in subsection 73(2). (4) The higher education provider must demonstrate to the Commonwealth that their designed microcredential course has endorsement from industry or a professional body by providing a signed letter from an industry partner or the professional body endorsing the microcredential course and acknowledging that the microcredential course addresses a skill shortage in industry. (5) The higher education provider must apply for a Stage 2 grant for the delivery of their microcredential course designed in Stage 1 and, if successful, the higher education provider must deliver that microcredential course in Stage 2. Conditions that apply to Stage 2 grants (6) A grant to a higher education provider for the delivery of a microcredential course designed in Stage 1 by a Table A provider must be used to achieve the program objectives as set out in subparagraphs 73(2)(a)(ii), (iii) and (iv). Conditions that apply to Stage 3 grants (7) A grant to a higher education provider for the delivery of a microcredential course that has been designed by a higher education provider independent of this program must be used to achieve the program objectives as set out in subparagraphs 73(2)(a)(ii), (iii) and (iv). Conditions in respect of courses and students (8) Microcredential courses designed and delivered under this program must be in a national priority field of education outlined in the conditions of grant determined by the Minister in writing under subsection 41-25(2) of the Act. (9) A higher education provider must not charge a student in a microcredential course more than an amount determined in the following formula: start formula A equals P times EV end formula Where: A is the maximum amount a higher education provider can charge a student in a microcredential course; P is the amount set out in the third column of the following table for a microcredential course in the part of the funding cluster specified in the second column of the table; EV is the EFTSL value of the microcredential course.