38ARecurrent grants may be increased to assist institutions in meeting certain superannuation expenses

38A Recurrent grants may be increased to assist institutions in meeting certain superannuation expenses

(1) The Minister shall, for the purposes of this section, determine that expenditure by universities or colleges of advanced education of a specified kind, being expenditure in respect of, or in relation to, superannuation shall be relevant superannuation expenditure and may revoke or vary any determination so made. (2) Where the Minister is satisfied that a university or a college of advanced education has incurred, or will incur, in respect of the year 1983 or the year 1984, relevant superannuation expenditure, the Minister may, during that year, determine an amount to be an amount of additional financial assistance that is payable in relation to that university or to that college of advanced education, in respect of that year, and, upon the making of that determination, this Act has effect as if:

(a) in a case where the amount is determined in relation to a university—the amount specified opposite to the name of that university in the Column of Schedule 1 that relates to that year had been increased (as from 1 January in that year) by the amount so determined; or

(b) in a case where the amount is determined in relation to a college of advanced education—the amount specified opposite to the name of that college in the Column of Part I of Schedule 8 that relates to that year had been increased (as from 1 January in that year) by the amount so determined.

(3) The aggregate of the amounts determined under subsection (2) in relation to universities and colleges of advanced education shall not exceed:

(a) in respect of the year 1983—$2,627,000; or

(b) in respect of the year 1984—$12,054,000.