Higher Education Funding Amendment Act 1988

No. 138 of 1988

An Act to amend the Higher Education Funding Act 1988

[Assented to 26 December 1988]

BE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:

Short title etc.

1. (1) This Act may be cited as the Higher Education Funding Amendment Act 1988.

(2) In this Act, “Principal Act” means the Higher Education Funding Act 19881.

Commencement

2. This Act commences on the day on which it receives the Royal Assent.

3. Section 114 of the Principal Act is repealed and the following section is substituted:

Sources of certain payments to States

“114. Payments (including an advance under section 113) to a State under this Act may be made out of:

(a) in the case of payments under Parts 2.3 and 3.2—the Consolidated Revenue Fund or the Loan Fund; and

(b) in the case of payments under Parts 2.2, 2.4 and 3.1 and Chapter 5—the Consolidated Revenue Fund.”.

Authority to borrow

4. Section 115 of the Principal Act is amended by omitting “Part 2.3” and substituting “Parts 2.3 and 3.2”.

Application of money borrowed

5. Section 116 of the Principal Act is amended by omitting “Part 2.3” and substituting “Parts 2.3 and 3.2”.

Reimbursement of Consolidated Revenue Fund from Loan Fund

6. Section 117 of the Principal Act is amended by inserting “or Part 3.2” after “Part 2.3”.

Appropriation

7. Section 118 of the Principal Act is amended by omitting from subsection (1) “Chapters 3 and 4” and substituting “Chapter 4”.

NOTE

1. No. 2, 1989.

[Minister’s second reading speech made in—

House of Representatives on 3 November 1988

Senate on 25 November 1988]