(1) The total payments made under this Part in respect of a year referred to in the table must not exceed the amount specified next to that year in the table.
Maximum payments for Commonwealth Scholarships | ||
Item | Year | Amount |
1 | 2004 | $124,212,000 |
2 | 2005 | $151,452,000 |
3 | 2006 | $179,733,000 |
4 | 2007 | $209,569,000 |
5 | 2008 | $239,305,000 |
6 | 2009 | $290,104,000 |
7 | 2010 | $304,553,000 |
8 | 2011 | $316,212,000 |
9 | 2012 | $319,056,000 |
10 | 2013 | (a) if paragraph (b) does not apply--$300,217,000; or (b) if the Minister determines an amount under subsection (2) in respect of 2013--that amount |
11 | 2014 | (a) if paragraph (b) does not apply--$305,166,000; or (b) if the Minister determines an amount under subsection (2) in respect of 2014--that amount |
12 | 2015 | (a) if paragraph (b) does not apply--$307,456,000; or (b) if the Minister determines an amount under subsection (2) in respect of 2015--that amount |
13 | 2016 | (a) if paragraph (b) does not apply--$307,329,000; or (b) if the Minister determines an amount under subsection (2) in respect of 2016--that amount |
14 | 2017 and each later year | The amount determined by the Minister under subsection (3) in respect of that year |
(2) The Minister may, by legislative instrument, determine the total payments made under this Part in respect of a year starting on or after 1 January 2013 but before 1 January 2017.
(3) The Minister must, by legislative instrument, determine the total payments made under this Part in respect of a year starting on or after 1 January 2017.
(4) A determination under subsection (3) for a year must be made before the start of that year.
(5) The Minister may, in writing, vary a determination under subsection (2) or (3) for a year at any time before the end of that year.