Overview of the Act
3 Overview of the Act
Making of agreements
This Act allows the Minister to make an agreement with an education provider or other person or body authorising the making of payments.
Agreements with education providers
For an agreement with an education provider, the payments may be for recurrent expenditure of the provider in those years, for ABSTUDY approved courses run by the provider in those years or for particular projects.
Agreements with other persons or bodies
For an agreement with another person or body, the payments may be for particular projects.
Payments must be for advancing the objects of this Act
The payments under an agreement must be for advancing the objects of this Act.
Amount of the payments
The amount of the payments must be specified in the agreement or worked out in accordance with the agreement.
Recovery of payments
If there is a breach of a condition in an agreement, the Minister may require an amount to be repaid to the Commonwealth. If the amount is not repaid, other payments under the agreement may be reduced or the Commonwealth may recover an amount as a debt.
This Act’s bill:Explanatory memorandumSecond reading speech
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