(1) A grant under this Part is payable, as a benefit to students, to a higher education provider, in respect of the year 2005 or a later year, if:
(a) the provider:
(i) is a * Table A provider; and
(ii) has entered into a funding agreement with the Commonwealth under section 30 - 25 in respect of a period that includes that year; or
(b) all of the following apply:
(i) the provider is a higher education provider specified in the Commonwealth Grant Scheme Guidelines as a higher education provider that can be paid grants under this Part;
(ii) the Minister has made an allocation under section 30 - 10 to the provider for that year;
(iii) the provider has entered into a funding agreement with the Commonwealth under section 30 - 25 in respect of a period that includes that year.
(2) However, a grant is payable to a higher education provider that is not a * Table A provider only if the grant relates only to * national priorities.