Document ID: chunk:federal_register_of_legislation:F2024L00917:clause:1_4:p1
Version: federal_register_of_legislation:F2024L00917
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 1/2)
Character Range: 8180–10879

4                    0% or more but less than 35%                                                                  3.5

  Determining the completion rate percentage
 (2) A leviable provider's completion rate percentage is worked out using the formula:
  where:
Data missing EFTSL means the total EFTSL value for units of study with a census day in the previous calendar year for which no unit of study completion status has been reported by the provider in the provider's statements of general information.
 EFTSL has the meaning given by subsections (3) and (4).
 EFTSL value, of a unit of study, has the meaning given by subsections (5), (6) and (7).
 Failed EFTSL means the total EFTSL value for units of study with a census day in the previous calendar year reported by the provider as having a unit of study completion status of 'failed' in the provider's statements of general information.
Ongoing EFTSL means the total EFTSL value for units of study with a census day in the previous calendar year reported by the provider as having a unit of study completion status of 'unit of study to be commenced later in the year or still in process of completing or completion status not yet determined' in the provider's statements of general information.
 Passed EFTSL means the total EFTSL value for units of study with a census day in the previous calendar year reported by the provider as having a unit of study completion status of 'successfully completed all the requirements' in the provider's statements of general information.
Withdrawn EFTSL means the total EFTSL value for units of study with a census day in the previous calendar year reported by the provider as having a unit of study completion status of 'withdrew without academic penalty' in the provider's statements of general information.
Note: For the definition of statements of general information, see subsection 4(1).
  Meaning of EFTSL
 (3) An EFTSL is an equivalent full‑time student load for a year. It is a measure, in respect of a course, of the study load for a year of a student undertaking that course of study on a full‑time basis.

                    (4)  A particular amount of EFTSL is an amount of study, undertaken with an approved course provider as part of a course, represented by units of study with EFTSL values the sum of which equals that amount.
  Meaning of EFTSL value
 (5) The EFTSL value of a unit of study is the value that the approved course provider with which the unit may be undertaken determines in writing to be the EFTSL value of the unit, expressed as a fraction of one EFTSL.
(6)  If the unit can form part of more than one course, the provider may determine an EFTSL value of the unit for