Commonwealth of Australia Explanatory Memoranda

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VOCATIONAL EDUCATION AND TRAINING FUNDING AMENDMENT BILL 2000

1998–2000


THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA


HOUSE OF REPRESENTATIVES












VOCATIONAL EDUCATION AND TRAINING FUNDING AMENDMENT BILL
2000



EXPLANATORY MEMORANDUM
















(Circulated by authority of the Minister for Education, Training and Youth Affairs the Hon Dr David Kemp MP)

ISBN: 0642 438242

EXPLANATORY MEMORANDUM

OUTLINE

The Vocational Education and Training Funding Act 1992 (the Act) provides for a maximum amount of general funding for vocational education and training to be provided to the Australian National Training Authority (ANTA) for distribution to the States and Territories and for National Projects. The Minister determines the amount to be paid to ANTA, up to the maximum amount set by the Act in any one year. The funds must be distributed in accordance with the Australian National Training Authority Act 1992.

The Vocational Education and Training Funding Amendment Bill 2000 would amend the Act to:

• supplement 2000 funding in line with real price movements reflected in Treasury indices; and

• appropriate general vocational education and training funding for ANTA for the year 2001.

FINANCIAL IMPACT

The Bill would provide an increase of $13.063 million to the amount currently legislated for 2000 and would provide $931.415 million in funding for 2001.

VOCATIONAL EDUCATION AND TRAINING FUNDING AMENDMENT BILL 2000

NOTES ON CLAUSES

Clause 1 - Short Title

Clause 1 provides for this Act to be cited as the Vocational Education and Training Funding Amendment Act 2000.


Clause 2 - Commencement

Clause 2 provides for this Act to commence on the day on which it receives the Royal Assent.


Clause 3 - Schedule(s)

Clause 3 provides that each Act that is specified in a Schedule is amended as set out in the applicable Schedule.

SCHEDULE 1

AMENDMENT OF THE VOCATIONAL EDUCATION AND TRAINING FUNDING ACT 1992

Item 1

Amends the Table in section 9 of the Act by increasing the amount appropriated for 2000 in accordance with real price movements reflected in Treasury indices and appropriating an amount for 2001.

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