VET Student Loans Act 2016

PART 5B - VSL Tuition Protection Fund, VSL Tuition Protection Director and VSL Tuition Protection Fund Advisory Board  

Division 1 - VSL Tuition Protection Fund  

SECTION 66K  

66K   CREDITS TO THE VSL TUITION PROTECTION FUND  
There must be credited to the VSL Tuition Protection Fund amounts equal to the following:

(a) each amount of VSL tuition protection levy received from an approved course provider;

(b) each amount paid by a course provider to the Commonwealth under section 22 that relates to an amount re-credited under section 72A if the balance of the Fund had previously been reduced under paragraph 66L(1)(f) in relation to that amount;

(c) any other money appropriated by the Parliament for the purposes of the VSL Tuition Protection Fund;

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

(e) each amount received by the Commonwealth for the purposes of the VSL Tuition Protection Fund. Note 1:

An Appropriation Act may contain a provision to the effect that, if any of the purposes of a special account is a purpose that is covered by an item in the Appropriation Act (whether or not the item expressly refers to the special account), then amounts may be debited against the appropriation for that item and credited to that special account.

Note 2:

VSL tuition protection levy is imposed by the VET Student Loans (VSL Tuition Protection Levy) Act 2019 . The rules deal with collection of the levy (see subsection 49A(2) ).