Higher Education Superannuation Program
Under the Higher Education Support Act 2003 (HESA) the Australian Government contributes towards the costs associated with superannuation expenses for current and former university employees through the Commonwealth Grant Scheme (CGS) and the Higher Education Superannuation Program (HESP).
The CGS provides funding to eligible higher education providers to help meet the costs associated with students in bachelor degrees and some other courses of study, including staff salary and superannuation costs.
HESP is administered in accordance with the Higher Education Support Act 2003 - Other Grants Guidelines (Education).
The Program provides supplementary funding to eligible higher education providers to cover certain superannuation expenses incurred for staff who are members of identified State government emerging cost superannuation schemes.
A portion of the funding is recovered from the relevant States under cost-sharing arrangements.
The level of supplementary funding is demand driven with assessment of claims from institutions occurring annually.
Higher Education Support Act 2003 - Other Grants Guidelines (Education)
Administering Area: Higher Education Division