VET Student Loans Act 2016
The purposes of the VSL Tuition Protection Fund are as follows:
(a) making payments in connection with tuition protection;
(b) paying or discharging the costs, expenses and other obligations incurred by the Commonwealth in the performance of the VSL Tuition Protection Director ' s functions, including in managing the VSL Tuition Protection Fund;
(c) paying any remuneration and allowances payable to the VSL Tuition Protection Director;
(d) paying any remuneration and allowances payable to the members of the VSL Tuition Protection Fund Advisory Board;
(e) paying any amount that is required or permitted to be repaid;
(f) reducing the balance of the Fund (and therefore the available appropriation for the Fund) without making a real or notional payment.
Note:
See section 80 of the Public Governance, Performance and Accountability Act 2013 (which deals with special accounts).
66L(2)
The rules may, for the purposes of paragraph (1)(a), make provision in relation to such payments, including in relation to the following:
(a) the circumstances in which payments may be made;
(b) amounts of different kinds of payments;
(c) methods for calculating different kinds of payments.
Note:
For example, the rules may provide that a replacement provider may receive a transfer payment if a student accepts an offer of a replacement course with the provider.
66L(3)
The purposes in subsection (1) do not include paying or discharging any costs, expenses or other obligations associated with services provided to the VSL Tuition Protection Director by any employee or officer of a Commonwealth entity (within the meaning of the Public Governance, Performance and Accountability Act 2013 ).
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.