The Commonwealth provides supplementary financial assistance to meet additional superannuation expenses over and above the notional level of funding provided for this purpose through the Commonwealth Grant Scheme.
Higher education institutions are eligible for supplementary financial assistance in respect of approved State emerging cost schemes.
The level of supplementary financial assistance is demand driven. Claims by institutions are assessed annually by the Department and the determined amounts of assistance are paid as a component of the institution's total annual grant funding.
The allocation for superannuation supplementation in 2011 is $142.5 million.
Administering area: Institutional Reporting & Analysis Unit