The value of the bursary will be $5,000 or such amount as the Selection Committee determines from time to time. The bursary may be awarded in the form of money, books, equipment, or payment for residential accommodation, at the discretion of the Selection Committee, and payment shall be made to each awardee in two equal instalments one after the census date in Teaching Period 1 and the second after the census date in Teaching Period 2. The number of scholarships to be offered each year shall be determined by the Selection Committee on the advice of the officer administering the scholarship. The maximum period of tenure of a scholarship shall be the minimum number of years required to enable the holder to complete the degree or diploma for which he or she is enrolled.
The Hugh Alexander Grierson Trust Bursary shall be open to competition among candidates who: are an Aboriginal Australian or a person of Australian Aboriginal decent; and are enrolled or intend to enrol as a full-time student for a degree or diploma at University.