Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Minister may, if an amount has been specified under subsection (3A), determine that an advance is payable to a higher education provider, in respect of a year, in relation to expenditure of the provider for such purposes as the Minister determines.
(2) The Minister may pay an advance to the provider under subsection (1) on such conditions (if any) as the Minister determines.
(3) The total of the advances in respect of a year must not exceed the amount specified by the Minister under subsection (3A).
(3A) The Minister may, by legislative instrument, specify an amount for the purposes of subsection (3).
(4) If the Minister determines an advance for the provider in respect of a year, the amounts of grant payable to the provider under section 33 - 1 in respect of:
(a) the year next following that year; or
(b) the 2 years next following that year; or
(c) the 3 years next following that year;
are reduced by amounts that equal in total the amount of the advance.
(5) Determinations under subsections (1) and (2), and reductions under subsection (4), must be made in accordance with Commonwealth Grant Scheme Guidelines.