Higher Education Funding Act 1988

In this section:

expenditure (other than expenditure on building projects) incurred by the hospital in relation to:

parts of the hospital used exclusively by students enrolled in the Faculty of Medicine, or School of Medicine, of the institution, by students enrolled in the Faculty of Medicine, or School of Medicine, of any other institution in relation to which that hospital is a teaching hospital and by their teachers; and

facilities and equipment so used in connection with those parts of the hospital; and

expenditure incurred in the purchase of books and periodicals for the medical library of the hospital.

Subject to subsection (3), there is payable to an institution to which this section applies, for the purpose of financial assistance in respect of contributions by the institution towards the appropriate costs, in respect of a year to which this Chapter applies, of the teaching hospital or teaching hospitals of the institution, such amount as the Minister determines.

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

in the case of the year 1989—$3,815,000;

in the case of the year 1990—$4,029,000;

in the case of the year 1991—$4,258,000;

in the case of the year 1992—$4,421,000; and

in the case of the year 1993—$4,494,000; and

in the case of the year 1994—$4,592,000; and

in the case of the year 1995—$4,647,000; and

in the case of the year 1996—$4,738,000; and

in the case of the year 1997—$4,819,000; and

in the case of the year 1998—$4,896,000; and

in the case of the year 1999—$4,972,000; and

in the case of the year 2000—$5,058,000; and

in the case of the year 2001—$5,168,000; and

in the case of the year 2002—$5,287,000; and

in the case of the year 2003—$5,412,000; and

in the case of the year 2004—$5,539,000.

Financial assistance is granted to an institution under subsection (2) in respect of a year on the condition that:

the sum of the amounts spent by the institution in making contributions towards the appropriate costs, in respect of that year, of the teaching hospital or teaching hospitals of the institution;

the sum of the amounts of financial assistance paid to the institution under subsection (2) in relation to the institution in respect of that year.