Document ID: chunk:federal_register_of_legislation:C2025C00140:clause:1_11:p7
Version: federal_register_of_legislation:C2025C00140
Segment Type: clause
Provision Reference: sch 1 cl 11 (pt 7/35)
Character Range: 69374–72319

does not limit the conditions the Minister may impose on the approval.

16‑65  Minister to cause higher education provider to be notified of change in condition of approval
  The Minister must, within 30 days of his or her decision to impose or vary a condition on a higher education provider, cause the provider to be notified, in writing, of:
 (a) the decision; and
 (b) the reasons for the decision; and
 (c) the period for which the condition is imposed.

16‑70  Variation of approval if body's name changes
 (1) If a body corporate is approved as a higher education provider under section 16‑25 and the body's name changes, the Minister may vary the approval to include the new name.
 (2) The Minister must notify the body in writing of the variation.
 (3) A notice of variation under subsection (2) is a legislative instrument.
 (4) The variation takes effect when the notice of variation commences under the Legislation Act 2003.
Note: Section 12 of the Legislation Act 2003 provides for when a legislative instrument commences.

Division 19—What are the quality and accountability requirements?

Subdivision 19‑A—General

19‑1  The quality and accountability requirements
  The quality and accountability requirements are:
 (a) the *financial viability requirements (see Subdivision 19‑B); and
 (b) the *quality requirements (see Subdivision 19‑C); and
 (c) the *fairness requirements (see Subdivision 19‑D); and
 (d) the *compliance requirements (see Subdivision 19‑E); and
 (e) the *contribution and fee requirements (see Subdivision 19‑F); and
 (f) the *compact and academic freedom requirements (see Subdivision 19‑G).

Subdivision 19‑B—The financial viability requirements

19‑5  Basic requirement
  A higher education provider:
 (a) must be financially viable; and
 (b) must be likely to remain financially viable.

19‑10  Financial information must be provided
 (1) A higher education provider must give to the Minister a financial statement for each *annual financial reporting period for the provider in which:
 (a) the provider receives assistance under this Chapter; or
 (b) a student of the provider receives assistance under Chapter 3.
 (2) The statement:
 (a) must be in the form approved by the Minister; and
 (ab) must comply with any requirements prescribed by the Higher Education Provider Guidelines; and
 (b) must be provided together with a report on the statement by an independent *qualified auditor; and
 (c) must be provided within 6 months after the end of the *annual financial reporting period for which the statement was given.
 (2A) Without limiting subsection 33(3A) of the Acts Interpretation Act 1901, requirements made for the purposes of paragraph (2)(ab) of this section may make different provision in relation to different kinds of providers, circumstances or any other matter.
 (3) An annual financial reporting period, for a higher education provider, is the period of 12 months:
 (a) to which the