Document ID: chunk:federal_register_of_legislation:F2015L01459:body:0:p2
Version: federal_register_of_legislation:F2015L01459
Segment Type: other
Provision Reference: 
Character Range: 2662–5718

Club Limited to meet the VET quality and accountability requirements under the Act for the period of its approval. The written advice must be provided within 10 working days of the event occurring.

     7. Royal Queensland Aero Club Limited must inform the Department responsible for administering the Higher Education Support Act 2003 in writing of changes to directors, company structure and/or its constitution for the period of its approval. The written advice must be provided within 10 working days of the event occurring.

     8. Royal Queensland Aero Club Limited must not include in VET units of study, any units of competency that are not listed as part of the diploma or above level qualification in the relevant Training Package or VET Accredited Course for the period of its approval.

     9. Royal Queensland Aero Club Limited will provide the Department responsible for administering the Higher Education Support Act 2003 with year to date interim management reports on a six monthly basis including, but not limited to, a standard Balance Sheet and Detailed Profit & Loss statement for Royal Queensland Aero Club Limited. The management reports will be attested to by a Director of Royal Queensland Aero Club Limited that they present a true and fair view of the financial position of Royal Queensland Aero Club Limited. The management reports will be provided each year by:

           * 31 January – covering the period 1 July to 31 December, and

           * 31 July - covering the period 1 July to 30 June.

    The provision of these reports is required to continue until such time as Royal Queensland Aero Club Limited is notified in writing by the Department responsible for administering the Higher Education Support Act 2003 that the submission of                                                                                                                                                   interim reports is no longer necessary. It is acknowledged the requirements in this clause are in addition to the annual reporting requirements specified in clause 5.

    10.          Royal Queensland Aero Club Limited will receive payments in arrears based on reported student data in respect of all VET FEE-HELP liabilities until notified in writing by the Department responsible for administering the Higher Education Support Act 2003 that an alternative payments arrangement is required.

    11.          Royal Queensland Aero Club Limited must advise the department responsible for administering the Higher Education Support Act 2003 of any regulatory activity undertaken or being undertaken by ASQA relating to non-compliance with the Standards for NVR Registered Training Organisations for five years from the date of approval.

    12.          Royal Queensland Aero Club Limited must advise the department responsible for administering the Higher Education Support Act 2003 of any regulatory activity that has been or is being undertaken in relation to Australian Consumer Law and/or fair trading laws for five years