Higher Education Participation and Partnerships Program - Participation Component 2017 Report

Abstract

<p>The information in this section relates to the reporting of unspent HEPPP grant funds provided for the 2017 calendar year under the Participation component. Competitive grant projects managed under separate Conditions of Grant are excluded, as these are grants are made in respect of a project and not a year.</p><p> Grant recipients are required to fully expend Participation component grant funds in the year for which the grant is made and report to the Commonwealth on this expenditure, including the amount of any unspent funds.</p><p> If a provider fails to spend an amount granted it in respect of a year, the unspent amount will be recovered by the Commonwealth from that year.</p><p> It is possible for a provider to have an amount of unspent funds rolled over to the next calendar year. Requests for the rollover of unspent funds will be considered by the Department on a case-by-case basis. Providers wishing to do so should contact the Department to discuss this process.</p><p> The <i>Higher Education Support Act 2003</i> (the Act) requires that the value of any funds approved for rollover from one year to the next will be treated as inclusive of a university's grant for the year the funds are rolled over into. Because the Act specifies a maximum grant amount to be paid in respect of a year, the Department is then required to adjust downwards each university's grant allocation in that year by the amount of the university's rolled over funds from the prior year.</p>