Commonwealth of Australia Explanatory Memoranda

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AUSTRALIAN RESEARCH COUNCIL (CONSEQUENTIAL AND TRANSITIONAL PROVISIONS) BILL 2000

1998-1999-2000


THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA


HOUSE OF REPRESENTATIVES












AUSTRALIAN RESEARCH COUNCIL (CONSEQUENTIAL AND TRANSITIONAL PROVISIONS) BILL 2000






SUPPLEMENTARY EXPLANATORY MEMORANDUM

Amendments to be moved on behalf of the Government

(Circulated by authority of the Minister for Education, Training and Youth Affairs
the Hon Dr David Kemp MP)

ISBN: 0642 453497

AUSTRALIAN RESEARCH COUNCIL (CONSEQUENTIAL AND TRANSITIONAL PROVISIONS) BILL 2000


OUTLINE

This amendment allows for unspent funds of $3,500,000 included in section 23C of the Higher Education Funding Act 1988 for use in 2000 to be appropriated instead under the Australian Research Council Bill 2000 for use in 2001.

FINANCIAL IMPACT

The net financial impact is nil. The decrease in funds available for the year 2000 under the Higher Education Funding Act 1988 of $3,500,000 is offset by an increase in the funds available under the Australian Research Council Bill 2000 for 2001.

AUSTRALIAN RESEARCH COUNCIL (CONSEQUENTIAL AND TRANSITIONAL PROVISIONS) BILL 2000

NOTES ON AMENDMENTS

Clause 1

This clause reduces the amount of funding provided under paragraph 23C(2)(h) of the Higher Education and Funding Act 1988 for 2000 to facilitate a carryover of the funds to 2001. Funding previously available under this section is to be appropriated under the Australian Research Council Bill 2000.

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