Education Legislation Amendment (Tuition Protection and Other Measures) Act 2019 (111 of 2019)

Schedule 1   VET student loans tuition protection

Part 1   Main amendments

Division 1   Amendments

VET Student Loans Act 2016

18   At the end of Division 1 of Part 5

Add:

49A VSL tuition protection levy

(1) An approved course provider to whom Part 5A applies must pay the following when it is due and payable by the provider:

(a) VSL tuition protection levy;

(b) any penalty for late payment of VSL tuition protection levy.

Note 1: VSL tuition protection levy is imposed by the VET Student Loans (VSL Tuition Protection Levy) Act 2019. Amounts of levy for a year are either determined before, or indexed on, 1 August in the year: see sections 9 and 10 of that Act.

Note 2: See section 66A for the providers to whom Part 5A applies.

(2) The rules may make provision for, or in relation to, all or any of the following matters:

(a) the issue of notices setting out the amount of VSL tuition protection levy payable by a provider;

(b) when VSL tuition protection levy is due and payable;

(c) the issue of notices extending the time for payment of VSL tuition protection levy;

(d) penalties for late payment of VSL tuition protection levy;

(e) to whom VSL tuition protection levy and any penalties for late payment are payable;

(f) the refund, remission or waiver of VSL tuition protection levy or penalties for late payment;

(g) the notional liability of the Commonwealth to pay VSL tuition protection levy;

(h) the review of decisions made under the rules in relation to the collection or recovery of VSL tuition protection levy;

(i) any other matters relating to the collection or recovery of VSL tuition protection levy.