10LAmount of payment for ABSTUDY approved courses

10L Amount of payment for ABSTUDY approved courses

(1) The Minister may make an agreement with an education provider authorising a payment to the provider of an amount for an ABSTUDY approved course (the 2000 ABSTUDY approved course): (a) that is run by the provider in the 2000 calendar year; and (b) for which Indigenous students are enrolled. (2) The amount of the payment must not exceed the amount worked out using the formula:

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where:

number of Indigenous students means the number of Indigenous students enrolled for the 2000 ABSTUDY approved course.

unit cost means the unit cost for the 2000 ABSTUDY approved course (see subsections (3) and (4)).

(3) If funding was provided in the 1998 calendar year in respect of Indigenous students enrolled for that year in ABSTUDY approved courses run by the education provider, then the unit cost for the 2000 ABSTUDY approved course is worked out using the formula:

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where:

1998 funding means the amount of funding that was provided in the 1998 calendar year in respect of Indigenous students enrolled for that year in ABSTUDY approved courses run by the education provider.

1998 number of Indigenous students means the number of Indigenous students who were enrolled for the 1998 calendar year in ABSTUDY approved courses run by the education provider.

1999 IF means the indexation factor that applies for the 1999 calendar year.

2000 IF means the indexation factor that applies for the 2000 calendar year.

(4) If: (a) subsection (3) does not apply; or (b) the 2000 ABSTUDY approved course was not an ABSTUDY approved course in 1998; then the unit cost for the 2000 ABSTUDY approved course is the median of the unit costs that are worked out under subsection (3).