PART 3

SECURING AND FUNDING TERTIARY EDUCATION AND RESEARCH

Commission’s funding policy

Policy on funding powers
87
1
The Commission must publish a statement of its policy on how it intends to exercise its funding powers.
2
In preparing the statement, the Commission must have regard to the principle that decisions about the provision or securing of financial resources should be made in a way that is transparent.
3
The Commission must keep the statement under review and may revise it.
4
Before publishing the statement or a revised statement, the Commission must consult such persons as it considers appropriate.
5
The Commission’s funding powers are its powers to provide or secure financial resources under sections 88, 89, 97, 101, 103, 104 and 105.