Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
(1)The Structural Adjustment Fund is specified as a program for the purpose of supporting structural adjustment under item 9B of the table in subsection 41-10(1) of the Act.
(2)The objectives of the program are to:
(a)provide financial assistance to Table A providers to support structural adjustments required as a result of the transition to new funding arrangements under Part 2-2 of the Act (referred to as the managed growth funding system) from 2027; and
(b)ensure that Table A providers can develop and implement new measures to:
(i)grow enrolments, including for students from under-represented backgrounds;
(ii)make structural adjustments to courses to best meet student needs and create more opportunities for Australians from under-represented backgrounds to go to university; and
(iii)improve the quality, accessibility and sustainability of higher education for the communities they serve.
(1)A Table A provider must have entered into a funding agreement under section 30-25 of Part 2-2 of the Act for 2026.
(2)A Table A provider must have, and must provide to the Department, a Sustainability Plan, in the format required by the Department, which includes details of the Table A provider’s proposed activities to support its transition to the managed growth funding system.
(5)The Table A provider must submit a progress report, in the format required by the Department, by 31 December 2027.
(6)If the Table A provider has not fully expended the grant by 31 December 2027, the provider must submit a final report in the format required by the Department by the earlier of:
(a)the day that is 30 days after the grant is fully expended by the provider; and
(b)30 January 2031.
Note: The Minister may impose other conditions that apply to grants under section 41-25 of the Act.