Document ID: chunk:federal_register_of_legislation:F2024L00917:clause:1_5
Version: federal_register_of_legislation:F2024L00917
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 14250–17183

5                                                   applied under:                                                                                                                                                                                                                                                                                                                                                                                 1.0

                                                            1. section 16 of the National Vocational Education and Training Regulator Act 2011 to renew the leviable provider's registration and, for risk management purposes, the period of registration set out in the most recent notice given to that provider under section 18 of that Act is less than the maximum period specified in subsection 17(5); or

                                                           ii.                   section 4.3.15 of the Education Training and Reform Act 2006 (Vic) to renew the leviable provider's registration and, for risk management purposes, the most recent period of registration granted by the Authority under that Act in respect of that provider is less than the maximum term specified in section 4.3.18 of that Act; or

                                                           iii.                 regulation 16 of the Vocational Education and Training (General) Regulations 2009 (WA) to renew the leviable provider's registration and, for risk management purposes, the period of registration set out in the most recent registration document given under regulation 12(7) of those Regulations is less than the maximum period specified in regulation 14.

 (2) Where more than one item in the table at subsection (1) applies, the risk factor value for the non-compliance history and registration renewal risk factor for a leviable provider is the sum of the applicable risk factor values in column 3 of the table in subsection (1).
  Working out the weighted late payment measure
 (3) A leviable provider's weighted late payment measure is worked out by adding the results of the calculations in paragraphs (a) to (c):
 (a) for 2023, ;
 (b) for 2022, ;
 (c) for 2021, ;
  where:
  VSLPC, for a year, means:
 (a) the risk factor value for the number of days after the due date on which the approved course provider charge for that year was received; or
 (b) if payment of the approved course provider charge was received on or before the due date—zero; or
 (c) if the approved course provider charge was not payable—zero.
  VSLTPL, for a year, means:
 (a) the risk factor value for the number of days after the due date on which the VSL tuition protection levy for that year was received; or
 (b) if payment of the VSL tuition protection levy was received on or before the due date—zero; or
 (c) if the VSL tuition protection levy was not payable—zero.

Part 3—Special tuition protection component