169Simplified outline

#### 169 Simplified outline The following is a simplified outline of this Part: • The Education Investment Fund Advisory Board is established. • The Education Investment Fund Advisory Board is to advise the Education Minister about the following matters: (a) the making of payments in relation to the creation or development of higher education infrastructure; (b) the making of payments in relation to the creation or development of vocational education and training infrastructure; (c) the making of payments in relation to the creation or development of eligible education infrastructure. • The Education Investment Fund Advisory Board is to advise the Research Minister about the making of payments in relation to the creation or development of research infrastructure. • The Education Investment Fund Advisory Board is to advise the EIF designated Ministers about the making of transitional HEEF payments. • The Finance Minister may authorise: (a) payments in relation to the creation or development of higher education infrastructure; and (b) payments in relation to the creation or development of vocational education and training infrastructure; and (c) payments in relation to the creation or development of eligible education infrastructure; on the recommendation of the Education Minister. • The Finance Minister may authorise payments in relation to the creation or development of research infrastructure on the recommendation of the Research Minister. • The Finance Minister may authorise transitional HEEF payments on the recommendation of the EIF designated Ministers. • If a payment is made by way of a grant of financial assistance, the terms and conditions on which the financial assistance is granted are to be set out in a written agreement between the Commonwealth and the recipient. • Payments may be channelled through the EIF Education Portfolio Special Account or the EIF Research Portfolio Special Account. • Grants of financial assistance to the States and Territories may be channelled through the COAG Reform Fund. • The Finance Minister must comply with any debit limits that may be imposed by an Appropriation Act. • The total amount of payments made in each financial year will depend on the macroeconomic circumstances.