Document ID: chunk:federal_register_of_legislation:F2024C00020:reg:16:p1
Version: federal_register_of_legislation:F2024C00020
Segment Type: reg
Provision Reference: reg 16 (pt 1/3)
Character Range: 35170–37976

16    Statement of VET tuition assurance—content

        (1)    The first body must make a statement of VET tuition assurance that clearly explains the VET tuition assurance requirements that the first body has in place for a student enrolled in each of its eligible VET courses of study if:
(a)    the first body ceases to provide the course; and
(b)    at that time, the student was enrolled as a VET student in a VET unit of study forming part of the course.

        (2)    Without limiting subsection (1), the statement must:
(a)    describe the nature of the VET tuition assurance arrangements that the first body has in place if the first body ceases to provide the course at a particular time; and
(b)    explain that, if that happens, the student will have the choice of the VET course assurance option, or the VET tuition fee repayment option, for each VET unit of study (each affected unit) forming part of the course that the student is enrolled in at that time; and
(c)    explain that the VET course assurance option is an offer of a place in a similar VET course of study that:
              (i)    comprises VET units of study that meet the requirements of subclause 45(1) of Schedule 1A to the Act; and
              (ii)    is undertaken with a second provider without any requirement to pay the second provider any VET tuition fees for any replacement units; and
(d)    explain that the VET tuition fee repayment option involves:
              (i)    refunding the student's up-front VET payments (if any) for any affected units; and
              (ii)    re-crediting the student's HELP balance in respect of any affected units; and
(e)    if the student chooses the VET course assurance option and the first body's tuition assurance administrator is a second provider or a VET course assurance guarantor:
              (i)    describe the nature of the similar VET course of study that would be offered to the student; and
              (ii)    specify the name of the second provider that would be providing this similar course; and
              (iii)    specify the VET qualification to which this similar course would lead and how much credit towards this similar course the student would receive for the VET units of study they have completed with the first body; and

               Note: This will be full credit unless the Secretary agrees otherwise (see paragraph 9(5)(b)).
              (iv)    explain that the VET tuition fees for the VET units of study for the similar course may be different from the VET tuition fees that were to be payable for the course the first body ceased to provide; and
              (v)    explain that the student is not obliged to enrol in the similar course under the VET course assurance option; and
              (vi)    explain that if