AGSRC

AcronymDefinition
AGSRCAverage Government School Recurrent Costs (Australia)
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Separately, there is a socio-economic status (SES) funding model that applies a proportion of AGSRC to non-government schools for each student they enrol, depending on the school's SES status.
7 per cent of AGSRC for schools with a SES of 130 or higher (high SES schools), to 70.
The AGSRC stands for 'average government school recurrent costs'.
Consequently, as average government school costs increase, it results, through the AGSRC nexus, in a rise in Commonwealth funding to non-government schools that are not necessarily facing the same cost pressures.
As mentioned above, this is different from the situation that applies in non-government primary and secondary schools, which get the same proportion of their respective AGSRC amounts if they have the same SES score.
The final point to note about the AGSRC is that it is generous as an indexation method to both sectors.
6-15), the end result is that the nexus between the AGSRC and non-government school funding continues at both the state as well as the Commonwealth level.
The AGSRC index differs from most price indices in that it does not measure a constant basket of goods or services, but changes in the total recurrent expenditure on government school systems.
By using the AGSRC to adjust its grants to schools, the Federal Government has increased its schools funding by an average of 6.