Document ID: chunk:federal_register_of_legislation:C2016C01154:clause:1_45d:p2
Version: federal_register_of_legislation:C2016C01154
Segment Type: clause
Provision Reference: sch 1 cl 45D (pt 2/2)
Character Range: 23933–26048

credit of a particular amount is appropriate (which need not be the amount specified in the application);
  the Secretary may grant a credit, which arises on that day, that is equal to the amount considered appropriate under subparagraph (v).
 (3) For the purposes of paragraph (2)(a), the amount to be credited is the amount equal to:
where:
VET provider's adjusted 2015 total loan amount means the sum of the amounts of *VET FEE‑HELP assistance paid for students undertaking, with the *VET provider, *VET units of study that had *census dates during the period starting on 1 January 2015 and ending on 31 August 2015.
 (4) For the purposes of paragraph (2)(b), the amount to be credited is the amount equal to the sum of:
 (a) the *VET provider's fee revenue for the period:
 (i) starting on 1 January 2015; and
 (ii) ending on the day before the VET provider was approved as a VET provider;
  for *domestic students undertaking *qualifying VET courses in that period; and
 (b) the sum of the amounts of *VET FEE‑HELP assistance paid for students undertaking, with the VET provider, *VET units of study that had *census dates during 2015.
 (5) For the purposes of paragraph (2)(c), the amount to be credited is the amount equal to the *VET provider's fee revenue for the 2015 calendar year for *domestic students undertaking in that year the *qualifying VET courses that enabled paragraph 6(1)(ca) or (1A)(da) to be satisfied for the purposes of the VET provider's approval as a VET provider.
 (6) The Minister may, by legislative instrument, determine:
 (a) whether credits arise in the *VET FEE‑HELP accounts of specified *VET providers when another body ceases to be a VET provider; and
 (b) the amounts of such credits.

Debits to the VET FEE‑HELP account
 (7) A debit arises in the *VET provider's *VET FEE‑HELP account if a student is entitled to *VET FEE‑HELP assistance for a *VET unit of study:
 (a) that is to be undertaken with the VET provider; and
 (b) that has a *census date on or after 1 January 2016.
The debit arises at the end of that census date, and is equal to the amount of that assistance.