Higher Education Funding Act 1988

The Minister may determine, for the purposes of this section, that expenditure of a specified kind by institutions to which this section applies, being expenditure in relation to the provision of superannuation benefits for staff of such institutions whose salaries are funded from grants provided under this Act for operating purposes or limited operating purposes, is to be relevant superannuation expenditure.

Where the Minister is satisfied that an institution has incurred, or will incur, relevant superannuation expenditure, the Minister may determine an amount of additional financial assistance payable to the institution in respect of a year to which this Chapter applies, and, subject to subsection (3), as from 1 January in that year, the amount determined under section 15 or 16, as the case requires, in relation to the institution in respect of that year shall be taken to be increased by the first‑mentioned amount.

The total of the amounts determined under subsection (2) in respect of a year shall not exceed:

in the case of the year 1989—$108,829,000;

in the case of the year 1990—$104,931,000;

in the case of the year 1991—$40,979,000;

in the case of the year 1992—$53,191,000; and

in the case of the year 1993—$54,065,000; and

in the case of the year 1994—$78,613,000; and

in the case of the year 1995—$69,037,000; and

in the case of the year 1996—$102,027,000; and

in the case of the year 1997—$102,027,000; and

in the case of the year 1998—$108,673,000; and

in the case of the year 1999—$112,664,000; and

in the case of the year 2000—$118,297,000; and

in the case of the year 2001—$100,000,000; and

in the case of the year 2002—$112,793,000; and

in the case of the year 2003—$121,497,000; and

in the case of the year 2004—$124,340,000.