Document ID: chunk:federal_register_of_legislation:F2025C00060:reg:5
Version: federal_register_of_legislation:F2025C00060
Segment Type: reg
Provision Reference: reg 5
Character Range: 2852–5006

5  Approved courses and maximum loan amounts

       (1)   For paragraph 14(2)(a) of the VET Student Loans Act 2016, the courses for which VET student loans may be approved are:

          (a)   the VET courses with the course codes specified in Schedules 1, 2 and 3 to this instrument (each a 'specified course');

          (b)   any course identified in the National Register as a later version of, or superseding course to, a specified course ('later version of a specified course').

             Note 1:      Course codes for VET courses are set out in the National Register referred to in section 216 of the National Vocational Education and Training Regulator Act 2011.  In 2016, the National Register could be found at www.training.gov.au.

             Note 2:      Course mapping information about current and earlier versions of VET courses is included in the National Register.

                    (2)  However, a course with a course code specified in Schedule 3 to this instrument or any later version of a specified course is only a course for which VET student loans may be approved if it is provided by the approved course provider specified for the course in Schedule 3.

                    (3)  The maximum loan amount for a course is as follows:

                               (a)  for a course with a course code specified in Part 1 of Schedule 1 or any later version of a specified course—$5 000;

                               (b)  for a course with a course code specified in Part 2 of Schedule 1 or any later version of a specified course—$10 000;

                               (c)  for a course with a course code specified in Part 3 of Schedule 1 or any later version of a specified course—$15 000;

                               (d)  for a course with a course code specified in Schedule 2 or 3 or any later version of a specified course—the amount specified in that Schedule for the course.

            Note 1:       These amounts are indexed every year under section 6.

            Note 2:       Paragraphs 8(b) and (c) of the VET Student Loans Act 2016 place other limits on the amount of a VET student loan.