New Zealand Legislation: Acts

159L Minister determines design of funding mechanisms

• (1) The Minister must, from time to time, determine the design of the funding mechanisms that the Commission must use to fund organisations.

  (2) Without limiting subsection (1), in making a determination under that subsection, the Minister must—

  • (a) identify the general form and essential components of each funding mechanism; and

  • (b) indicate which of the funding mechanisms relates to—

    • (i) funding to be paid by the Commission under section 159YA (relating to funding organisations via plans); and

    • (ii) funding to be paid by the Commission under section 159ZC (relating to funding organisations under this Part other than via plans); and

    • (iii) other types of funding (if any).

  (3) Without limiting subsection (1), in making a determination under that subsection, the Minister may—

  • (a) specify the amount of money, or the proportion of an amount of money, available under any particular funding mechanism; and

  • (b) provide for funding to different groups of organisations or types of organisation; and

  • (c) provide for different versions of, or modifications to, a funding mechanism when applying it to different groups of organisations or types of organisation; and

  • (d) specify conditions that the Commission must attach to funding that is provided under any funding mechanism including, without limitation, conditions setting limits on the fees that an organisation may charge domestic students; and

  • (e) provide for funding that targets particular groups of students.

  Section 159L: substituted, on 1 January 2008, by section 20 of the Education (Tertiary Reforms) Amendment Act 2007 (2007 No 106).