Component 1: The Commonwealth Grant Scheme (CGS) funding calculation for undergraduate places at higher education institutions would be amended to remove the aggregate CGS funding cap so that each additional student attracts CGS funding. Medical undergraduate places would remain allocated. Funding rates (that is, CGS grant funding per student) in 2020 would be equivalent to the undergraduate rates in 2019 and then, from 2021, indexed by the consumer price index (CPI).

Component 2: CGS places in sub-bachelor, postgraduate and enabling courses would be allocated via a competitive funding round. Growth in these places would align to that projected in the 2019-20 Budget but be allocated via competitive funding rounds based on a new national interest test. Funding rates across all course levels in 2020 would be equivalent to the undergraduate rates in 2019 and then, from 2021, indexed by the CPI. •

Component 3: The 2014-15 Budget measure Expanding Opportunity – a more effective Higher Education Participation Programme would be reversed. •

Component 4: A once-off infrastructure and priorities pool of $300 million would be established (inclusive of departmental funding) distributed as follows:

• This would include providing $9.9 million to CQUniversity to fund Stage 2 of its Asia Pacific Aviation Hub.

All components would have effect from 1 January 2020