Commonwealth Numbered Acts Commonwealth Numbered Acts(1) Financial assistance is payable in accordance with this section to a State, for the financial year starting on 1 July 2008 and for each later financial year, for the purpose of expenditure on schools.
Note: Financial assistance for non‑government schools is provided for under the Schools Assistance Act 2008 .
(2) The total amount of all financial assistance payable under subsection (1) to the States for a financial year is:
(a) for the financial year starting on 1 July 2008--the amount determined by the Minister; or
(b) for the financial year starting on 1 July 2009--$3,286,594,000; or
(c) for a later financial year--the total amount under this subsection for the preceding financial year, indexed in accordance with subsection (4).
(3) A determination under paragraph (2)(a) is a legislative instrument, but section 42 (disallowance) of the Legislative Instruments Act 2003 does not apply to the determination.
Note: The total amount of all financial assistance payable to the States under subsection (1) of this section and subsections 12(1), 13(1) and 14(1), for the financial year starting on 1 July 2008, is limited by section 15.
(4) The Minister may, by legislative instrument, determine the manner in which the total amount under paragraph (2)(c) is to be indexed for a particular financial year. The determination must include a statement of the total amount for that financial year.
(5) The Minister may, by legislative instrument, determine, for each financial year, the manner in which the total amount under subsection (2) is to be divided between the States.
(6) Financial assistance is payable to a State under this section on condition that the financial assistance is spent on schools.