Commonwealth Numbered Acts

HIGHER EDUCATION FUNDING AMENDMENT ACT (No. 2) 1992 No. 158 of 1992 - SECT 48

48. Section 8 of the Principal Act is repealed and the following sections are
inserted: Special fund for Table A institutions

"8. If:

   (a)  an institution specified in Table A in subsection 4(1) transfers an
        amount of money into a special fund in the institution's accounts; and

   (b)  the money in the fund is to be used only for future expenditure on the
        following items:

        (i)    capital projects of the institution;

        (ii)   equipment of the institution;

        (iii)  minor building projects of the institution; the institution is
               to be taken, for the purposes of this Act, to have spent the
               amount for operating purposes in respect of the year in which
               the amount was transferred. Special fund for Table B
               institutions

"8A. If:

   (a)  an institution specified in Table B in subsection 4(1) transfers an
        amount of money into a special fund in the institution's accounts; and

   (b)  the money in the fund is to be used only for future expenditure on the
        following items:

        (i)    equipment of the institution;

        (ii)   minor building projects of the institution; the institution is
               to be taken, for the purposes of this Act, to have spent the
               amount for limited operating purposes in respect of the year in
               which the amount was transferred.".