Education Legislation Amendment (Up-front Payments Tuition Protection) Act 2020 (101 of 2020)

Schedule 2   Amendment of the Higher Education Support Act 2003

Part 1   Amendments relating to the Higher Education Tuition Protection Fund, Higher Education Tuition Protection Director and Higher Education Tuition Protection Fund Advisory Board

Higher Education Support Act 2003

25   Subsection 167-10(1)

Repeal the subsection, substitute:

(1) The purposes of the *Higher Education Tuition Protection Fund are as follows:

(a) making payments in connection with tuition protection under this Act and the *Higher Education Provider Guidelines;

(b) making payments in connection with tuition protection under the *TEQSA Act and the *Up-front Payments Guidelines;

(c) paying or discharging the costs, expenses and other obligations incurred by the Commonwealth in the performance of the *Higher Education Tuition Protection Director's functions, including in managing the Fund;

(d) paying any remuneration and allowances payable to the Higher Education Tuition Protection Director;

(e) paying any remuneration and allowances payable to the members of the *Higher Education Tuition Protection Fund Advisory Board;

(f) paying any amount that is required or permitted to be repaid;

(g) reducing the balance of the Fund (and therefore the available appropriation for the Fund) without making a real or notional payment.

Note 1: See section 80 of the Public Governance, Performance and Accountability Act 2013 (which deals with special accounts).

Note 2: Part 5A of the TEQSA Act deals with tuition protection for students that make an up-front payment for a unit of study.