Document ID: chunk:federal_register_of_legislation:F2022C00950:body:0:p2
Version: federal_register_of_legislation:F2022C00950
Segment Type: other
Provision Reference: 
Character Range: 2692–5544

Pty Ltd as a higher education provider in accordance with paragraph 16-60 of the Act;
   (c)       note that this approval decides the application of the Ozford Institute of Higher Education Pty Ltd as required by paragraph 16-50 (1a) of the Act; and
   (d)      hereby give the Ozford Institute of Higher Education Pty Ltd written notice of my approval as required by paragraph 16-50 (1b) of the Act.

Conditions
     1. Ozford Institute of Higher Education Pty Ltd must achieve and maintain adequate liquidity levels as measured by a current ratio of 1.0 or above within three years of the date of its approval and for the period of its approval thereafter.
     2. Ozford Institute of Higher Education Pty Ltd must achieve and maintain a positive equity position within three years of the date of its approval and for the period of its approval thereafter.
     3. Ozford Institute of Higher Education Pty Ltd will not provide any new guarantees or loans to its directors or related entities that could have a material effect on its finances.
     4. Ozford Institute of Higher Education Pty Ltd 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.
     5. Ozford Institute of Higher Education Pty Ltd 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.
     6. Ozford Institute of Higher Education Pty Ltd must, in writing, advise the department responsible for administering the Higher Education Support Act 2003 of any events affecting Ozford Institute of Higher Education Pty Ltd or a related entity that may significantly affect the capacity of Ozford Institute of Higher Education Pty Ltd to meet the quality and accountability requirements under the Act for the period of its approval. The written advice must be provided within 10 working days of the event occurring.
     7. Ozford Institute of Higher Education Pty Ltd must inform the department responsible for administering the Higher Education Support Act 2003 in writing of changes to directors, company structure and/or its constitution for the period of its approval. The written advice must be provided within 10 working days of the event occurring.

    8.              Ozford Institute of Higher Education Pty Ltd must, as soon as practicable, advise the department responsible for administering the Higher Education Support Act 2003 of any regulatory activity undertaken