83Amount of grant for a year

83 Amount of grant for a year

Amount of a grant for a provider for a year (1) Subject to subsection (3), the amount of a grant for a higher education provider for a year is the sum of the student prac payments amount for the provider for the year and the amount of the administrative component for the provider for the year worked out in accordance with subsection (4).

Note: Subsection 83(3) reduces an amount of a grant to a higher education provider for a year if the provider does not make payments to its eligible prac students for the year of an amount at least equal to the student prac payments amount for the provider for that year.

(2) The student prac payments amount for the higher education provider for the year is the sum of each of the amounts of the components worked out in accordance with subsections (5) to (10). Grant amount reduced if student prac payments amount not all used (3) If the total amount of payments that the higher education provider pays to eligible prac students under subsections 86(3) and (5) for a year is less than the student prac payments amount for the provider for the year, the amount of the grant for the provider for the year is reduced by operation of this subsection by an amount equal to the difference between the student prac payments amount and the amount the provider has paid to students under subsections 86(3) and (5), multiplied by 1.05.

Note: The effect of this subsection is that any part of a higher education provider’s student prac payments amount for a year that the provider does not pay to eligible students under subsections 86(3) and (5), and a part of the administrative component related to that amount, is an overpayment for the purposes of the Act, and is not rolled over to the following year under section 41-40 of the Act.

Administrative component (4) The amount of the administrative component for a higher education provider for a year is the student prac payments amount for the provider for the year multiplied by 0.05. Midwifery (clinical placement) component (5) The amount of the midwifery (clinical placement) component for a higher education provider for a year is the number of eligible midwifery (clinical placement) prac students of the provider for the year, plus the number of exceptional circumstances students of the provider for the year participating in a mandatory placement known as a clinical placement for a unit in a course of study in midwifery, multiplied by the weekly Austudy rate for the year, multiplied by 20. Midwifery (continuity of care) component (6) The amount of the midwifery (continuity of care) component for a higher education provider for a year is the number of eligible midwifery (continuity of care) prac students of the provider for the year, plus the number of exceptional circumstances students of the provider for the year participating in a mandatory placement known as a continuity of care placement for a unit in a course of study in midwifery, multiplied by the weekly Austudy rate for the year, multiplied by 6. Nursing component (7) The amount of the nursing component for a higher education provider for a year is the number of eligible nursing prac students of the provider for the year, plus the number of exceptional circumstances students of the provider for the year participating in a mandatory placement for a unit in a course of study in nursing, multiplied by the weekly Austudy rate for the year, multiplied by 20. Social work component (8) The amount of the social work component for a higher education provider for a year is the number of eligible social work prac students of the provider for the year, plus the number of exceptional circumstances students of the provider for the year participating in a mandatory placement for a unit in a course of study in social work, multiplied by the weekly Austudy rate for the year, multiplied by 26. Teaching (bachelor) component (9) The amount of the teaching (bachelor) component for a higher education provider for a year is the number of eligible teaching (bachelor) prac students of the provider for the year, plus the number of exceptional circumstances students of the provider for the year participating in a mandatory placement for a unit in a course of study that leads to the award of a bachelor degree in teaching, multiplied by the weekly Austudy rate for the year, multiplied by 16. Teaching (master’s) component (10) The amount of the teaching (master’s) component for a higher education provider for a year is the number of eligible teaching (master’s) prac students of the provider for the year, plus the number of exceptional circumstances students of the provider for the year participating in a mandatory placement for a unit in a postgraduate course of study that leads to the award of a master’s degree in teaching, multiplied by the weekly Austudy rate for the year, multiplied by 12.