Document ID: chunk:federal_register_of_legislation:F2016L00012:body:0:p1
Version: federal_register_of_legislation:F2016L00012
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NOTICE OF APPROVAL
COMMONWEALTH OF AUSTRALIA
Higher Education Support Act 2003
VET Provider Approval No 34 of 2015

Approval under subclause 6(1), decision under paragraph 11(1)(a), and notice of approval under paragraph 11(1)(b) of Schedule 1A to the Higher Education Support Act 2003 (the Act).

I, Shelley Owen, a delegate of the Minister for Education and Training
   (a)      approve the application of Atkinson Training and Development Pty Limited ACN: 116 143 778 ABN: 26 116 143 778) as a VET provider in accordance with subclause 6(1) of Schedule 1A to the Act; and
   (b)      imposes conditions on the approval of Atkinson Training and Development Pty Limited as a VET Provider in accordance with subclause 12A(1) of Schedule 1A to the Act; and
   (c)       note that this approval decides the application of Atkinson Training and Development Pty Limited as required by paragraph 11(1)(a) of Schedule 1A to the Act; and
   (d)      hereby give Atkinson Training and Development Pty Limited written notice of my approval as required by paragraph 11(1)(b) of Schedule 1A to the Act.

Conditions
i.  Atkinson Training and Development Pty Limited must maintain adequate liquidity levels as measured by a current ratio of 1.0 or above for the period of its approval.
ii.  Atkinson Training and Development Pty Limited must maintain a positive equity position for the period of its approval.
iii.  Atkinson Training and Development Pty Limited will not provide any new guarantees or loans to its directors or related entities that could have a material effect on its finances for the period of its approval.
iv.  Atkinson Training and Development Pty Limited must not offer its assets as security for the benefit of any other person or entity including associated entities except as a consequence of any commercial loan arrangements with a recognised financial institution for the period of its approval. Associated entity has the meaning given by section 50AAA of the Corporations Act 2001.
v.  Atkinson Training and Development Pty Limited must provide the Department responsible for administering the Higher Education Support Act 2003 with all required financial information as specified in the Financial Viability Instructions, on an annual basis by no later than 31 December each year for the period of its approval.
vi.  Atkinson Training and Development Pty Limited must, in writing, advise the Department responsible for administering the Higher Education Support Act 2003 of any events affecting Atkinson Training and Development Pty Limited or a related entity that may significantly affect the capacity of Atkinson Training and Development Pty Limited to meet the VET quality and accountability requirements under the Higher Education Support Act 2003 for the period of its approval. The written advice must be provided within 10 working days of the