PUBLIC RELEASE OF 2016 ELECTION COMMITMENT COSTING Name of proposal costed: Regional Student Access to Education Package COA 034 Costing Identifier: FIRST ELEMENT: reduce, from 18 Summary of costing: months to 14 months, the period that regional and remote students need to be employed under the self-supporting criteria for Youth Allowance and ABSTUDY living allowance commencing in 2017-18. SECOND ELEMENT: 1,200 new rural and regional enterprise scholarships for undergraduate, postgraduate and vocational education students to undertake STEM studies, commencing in 2017-18. THIRD ELEMENT: provide up to $44.7 million over the forward estimates in additional support for isolated children, including $3.9 million to increase the existing Assistance for Isolated Children’s (AIC) Additional Boarding Allowance by 50 per cent from 1 January 2017. FOURTH ELEMENT: an independent comprehensive review into equity of access, aspiration and achievement of rural and regional students to seek fresh ideas and fresh thinking to bridge the divide. Prime Minister Person making the request: 23/06/2016 Date costing request received: 22/06/2016 Date of public release of policy: 27/06/2016 Date costing completed: Not applicable. Additional information requested (including date): Not applicable. Additional information received (including date): Financial implications (outturn prices)(a) Impact on 2016-17 2017-18 2018-19 2019-20 Underlying Cash -11.2 -31.8 -51.7 -53.0 Balance ($m) Fiscal Balance -11.2 -31.8 -51.7 -53.0 ($m)
PUBLIC RELEASE OF 2016 ELECTION COMMITMENT COSTING Name of proposal costed: Regional Student Access to Education Package Costing Identifier: COA 034 Summary of costing: FIRST ELEMENT: reduce, from 18 months to 14 months, the period that regional and remote students need to be employed under the self-supporting criteria for Youth Allowance and ABSTUDY living allowance commencing in 2017-18. SECOND ELEMENT: 1,200 new rural and regional enterprise scholarships for undergraduate, postgraduate and vocational education students to undertake STEM studies, commencing in 2017-18. THIRD ELEMENT: provide up to $44.7 million over the forward estimates in additional support for isolated children, including $3.9 million to increase the existing Assistance for Isolated Children’s (AIC) Additional Boarding Allowance by 50 per cent from 1 January 2017. FOURTH ELEMENT: an independent comprehensive review into equity of access, aspiration and achievement of rural and regional students to seek fresh ideas and fresh thinking to bridge the divide. Person making the request: Prime Minister Date costing request received: 23/06/2016 Date of public release of policy: 22/06/2016 Date costing completed: 27/06/2016 Additional information requested (including date): Not applicable. Additional information received (including date): Not applicable. Financial implications (outturn prices)(a) Impact on 2016-17 2017-18 2018-19 2019-20 Underlying Cash Balance ($m) -11.2 -31.8 -51.7 -53.0 Fiscal Balance ($m) -11.2 -31.8 -51.7 -53.0
coa_034_-_regional_student_access_to_education_package.docx