Summary

Amends the: Australian Education Act 2013 to: update the preamble and objects of the Act; retain the Schooling Resource Standard (SRC); provide that government schools receive 20 per cent and non-government schools receive 80 per cent of the Commonwealth share of the SRS; ensure that all schools transition to their relevant share of the SRS by 2027; provide for transition adjustment funding; update the per-student base funding amounts for 2018; allow for the indexation of base amounts to be tied to an indexation rate; change the calculation of the ‘student with disability’ loading; require the minister to determine each non-government school’s socio-economic status score for the purpose of its capacity to contribute percentage; reduce the benefit afforded to non government primary schools under capacity to contribute calculations; and make technical amendments in relation to the number of students at a school, school education information, reviewable decisions, former approved authorities and the making of regulations; and Australian Education Act 2013 and Australian Education (Consequential and Transitional Provisions) Act 2013 to: stipulate certain conditions of financial assistance on the states and territories; require the states and territories to maintain their 2017 per-student funding levels as a condition of Commonwealth funding; stipulate certain ongoing policy requirements for approved authorities for non government schools; remove the distinction between participating and non-participating schools; remove certain requirement for approved authorities; and include additional annual reporting requirements in relation to Commonwealth funding.