VET Student Payment Arrangements (Miscellaneous Amendments) Act 2021 (17 of 2021)

Schedule 1   Amendments

Part 1   Amendments commencing day after Royal Assent

Higher Education Support Act 2003

5   After clause 61 of Schedule 1A

Insert:

61A Amounts owed by VET providers may be set off against amounts payable under this Act or the VET Student Loans Act 2016

An amount payable by a *VET provider to the Commonwealth under this Schedule may, in whole or in part, be:

(a) deducted by the Commonwealth from any amount that is payable, or to be paid, to the provider:

(i) if the provider is a higher education provider - under section 110-1 of this Act; or

(ii) if the provider is an approved course provider under the VET Student Loans Act 2016 - under section 19 of that Act; or

(b) recovered by the Commonwealth from the provider as a debt due to the Commonwealth.

Example: If the VET provider is an approved course provider under the VET Student Loans Act 2016, amounts payable by the provider to the Commonwealth under clause 56 of this Schedule may be set off against loan amounts payable to the provider under that Act.