Document ID: chunk:federal_register_of_legislation:F2025C00073:reg:20
Version: federal_register_of_legislation:F2025C00073
Segment Type: reg
Provision Reference: reg 20
Character Range: 16483–17585

20  Requirements for a student led organisation
  For the purposes of paragraph 19-39(3)(c) of the Act, the requirements for an organisation to be a student led organisation that relates to a higher education provider are that:
 (a) the higher education provider is satisfied that the organisation has appropriate governance arrangements, including that:
 (i) the governing body of the organisation makes decisions independently from the higher education provider; and
 (ii) the organisation keeps and publishes annual audited accounts that record the organisation's income and expenditure, including in relation to transactions between the higher education provider and the organisation; and
 (iii) the organisation has, and complies with, policies and procedures in place that relate to record keeping, risk management, fraud prevention and financial controls; and
 (b) the organisation provides the services set out in subsection 19-38(4) of the Act to students using the student services and amenities fee revenue allocated to the organisation by the higher education provider in a calendar year.