Document ID: chunk:federal_register_of_legislation:F2024C00020:reg:21:p2
Version: federal_register_of_legislation:F2024C00020
Segment Type: reg
Provision Reference: reg 21 (pt 2/2)
Character Range: 47313–48686

in respect of the replacement unit, the second provider is satisfied that the requirements of subclause 46(2) of that Schedule are met.

             Note: Under subclause 46(3) of Schedule 1A to the Act, the Secretary may act for certain purposes where the relevant VET provider is unable to do so, in which case the Secretary may give the notice referred to in paragraph (g) of this subsection.

        (4)    If a notice given under paragraph (3)(g) states that the second provider is satisfied that the requirements of subclause 46(2) of Schedule 1A to the Act are met:
(a)    the second provider, the first body and the Secretary must liaise and do all things reasonably necessary to enable the re-crediting of the student's
HELP balance in respect of the replaced unit within 20 business days after the second provider gives the notice; and
(b)    the first body must as soon as possible after the re-crediting has been effected, notify its VET repayment TAS operator or VET repayment guarantor (as applicable) to that effect.

             Note: Under subclause 46(3) of Schedule 1A to the Act, the Secretary may re-credit the student's HELP balance if the second provider is unable to do so, in which case the Secretary may give the notice referred to in paragraph (b).

Part 4—Quality and accountability requirements

Division 1—Financial viability and quality