77Method by which the grant amounts under the program are to be determined

77 Method by which the grant amounts under the program are to be determined

(1) For Stage 1 grants, the Minister will determine the grant amount for a higher education provider in writing under paragraph 41-30(b) of the Act. (2) A grant to a higher education provider for Stage 2 and Stage 3 of the program is to be calculated by applying the following formula: Start formula G equals CP times EV times EN end formula Where: G is the grant amount for providers in Stage 2 or Stage 3; CP is the Commonwealth payment 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; EN is either: (a) the number of students actually enrolled in microcredential courses with the provider immediately after the census date; or (b) if the Minister has specified a maximum number of students for which the provider can receive funding under Stage 2 and Stage 3 in writing under subsection 41-25(2) of the Act, the lesser of: (i) the number of students actually enrolled in microcredential courses with the provider immediately after the census date; and (ii) the maximum number of students specified by the Minister in writing for which the provider can receive funding under Stage 2 and Stage 3.