Document ID: chunk:federal_register_of_legislation:F2018L00259:body:0:p1
Version: federal_register_of_legislation:F2018L00259
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NOTICE OF APPROVAL
COMMONWEALTH OF AUSTRALIA
Higher Education Support Act 2003
Higher Education Provider Approval No. 1 of 2018

Approval under section 16-25, decision under paragraph 16-50(1a), and Notice of Approval under paragraph 16-50(1b) to the Higher Education Support Act 2003 (the Act).

I, Damian Coburn, a delegate of the Minister for Education and Training for the purposes of 16-25,           16-50 and 16-60 of the Higher Education Support Act 2003 (the Act):

   (a)      approve the application of Health Education and Training Institute (ABN: 82 914 196 002) as a higher education provider in accordance with section 16-25 of the Act; and
   (b)      impose conditions on the approval of Health Education and Training Institute as a higher education provider in accordance with paragraph 16-60 of the Act;
   (c)       note that this approval decides the application of Health Education and Training Institute as required by paragraph 16-50 (1a) of the Act; and
   (d)      hereby give Health Education and Training Institute written notice of my approval as required by paragraph 16-50 (1b) of the Act.

Conditions
  1. Health Education and Training Institute must advise the department of any changes in relation to the conditions of the financial guarantee which it has in place with the New South Wales Government.
  2.  Health Education and Training Institute must not provide any new guarantees or loans to its directors or related entities that could have a material effect on its finances.
  3.  Health Education and Training Institute 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.
  4. Health Education and Training Institute must, on an annual basis for the period of its approval, by no later than 31 December each year, provide the department responsible for administering the Act with:
     a)      General purpose financial statement that comply with section 19-10 of the Act; and
     b)      a declaration by an external and independent public accountant or qualified auditor that Health Education and Training Institute has, as at the date of the declaration, complied with all statutory obligations relating to the lodgement and payment of:
          * company tax;
          * goods and services tax;
          * pay-as-you-go withholding tax for employees;
          * payroll tax;
          * superannuation guarantee for employees; and
          * other withholding tax.
  5.  Health Education and Training Institute must, in writing, advise the department responsible for administering the Higher Education Support Act 2003 of any events Health Education and Training Institute or a related entity that may significantly affect the capacity of Health Education