Higher Education Funding Act 1988

There is payable to an institution, as financial assistance in respect of a year, in relation to expenditure of the institution for such purposes as the Minister determines, such amount (the special purpose grant) as the Minister determines.

The Minister may grant financial assistance to an institution under subsection (1) on such conditions (if any) as the Minister determines.

The total of the special purpose grants in respect of a year must not exceed the amount set out in section 17 in respect of the following year.

If the Minister determines a special purpose grant for an institution in respect of a year, then the amounts determined to be payable to the institution under section 15 or 16 in respect of:

the year next following that year; or

the 2 years next following that year; or

the 3 years next following that year;

Determinations under subsections (1) and (2), and reductions under subsection (4), must be made in accordance with guidelines issued by the Minister.