Document ID: chunk:federal_register_of_legislation:F2025C00180:reg:56
Version: federal_register_of_legislation:F2025C00180
Segment Type: reg
Provision Reference: reg 56
Character Range: 97923–99177

56  Prerequisites for declaration of institution as participating institution

Agreement
 (1) For the purposes of section 186 of the Act as it applies in relation to the agreement mentioned in paragraph 115(3)(b), (c) or (d) of the Act, the agreement must be in writing.
Note: Paragraphs 115(3)(b), (c) and (d) of the Act are about declaring Territory institutions and non‑government institutions (except unincorporated lone institutions) to be participating institutions.
 (2) For the purposes of section 186 of the Act as it applies in relation to the agreements mentioned in paragraph 115(3)(e) of the Act:
 (a) each of the agreements must be in writing; and
 (b) all of the agreements must be contained in the same document.
Note: Paragraph 115(3)(e) of the Act is about declaring unincorporated lone institutions to be participating institutions.

Ability for liabilities and direct personal response obligations to be met
 (3) For the purposes of paragraph 115(3)(f) of the Act, there must be reasonable grounds for expecting that, if an institution is declared to be a participating institution, its liabilities under the Act, and its obligations under section 54 of the Act (relating to providing direct personal responses), will be discharged.