Document ID: chunk:federal_register_of_legislation:F2014L01108:body:0:p2
Version: federal_register_of_legislation:F2014L01108
Segment Type: other
Provision Reference: 
Character Range: 2643–4446

enrolments and actual income and expenses and budget forecasts.
           4.  Virtu Design Institute Pty Limited must report actual student liability data through the Higher Education Information Management System (HEIMS) within four weeks of each census date set by Virtu Design Institute Pty Limited.
           5. Virtu Design Institute Pty Limited must not provide any new guarantees or loans to its directors, related entities, related persons or employees.
           6.  Virtu Design Institute Pty Limited must not offer its assets as security for the benefit of any other person or entity including related entities except as a consequence of any commercial loan arrangements with a recognised financial institution.
           7.  Virtu Design Institute Pty Limited must inform the Department in writing of changes to directors, company structure and/or its constitution at the time any changes occur.
           8.  Virtu Design Institute Pty Limited will provide the Department with all required financial information as specified in the Financial Viability Instructions, on an annual basis and no later than 31 December each year.

    Conditions 1 to 4 will remain in place for a period of 24 months from the date of commencement of the notice of approval or until such time as the Department informs Virtu Design Institute Pty Limited that they no longer apply.  Conditions 5 to 8 will remain in place for the time Virtu Design Institute Pty Limited continues to be an approved VET provider.

    In accordance with subclause 12(2) of Schedule 1A to the Act this notice of approval commences on the day after it is registered on the Federal Register of Legislative Instruments.

Dated this 5th day of August 2014

Alison Cleary
A/g Branch Manager
Delegate of the Minister for Education