Document ID: chunk:federal_register_of_legislation:F2014L00441:body:0:p2
Version: federal_register_of_legislation:F2014L00441
Segment Type: other
Provision Reference: 
Character Range: 2581–4546

enrolments and actual income and expenses and budget forecasts.
       4.      NQ Powertrain Pty Ltd will receive payments for VET FEE HELP in arrears for the first year after being approved as a VET provider (ie lump sum payment will be made based on actual student liabilities reported in the Higher Education Information Management System (HEIMS) after each census date).
       5.      NQ Powertrain Pty Ltd must report actual student liability data through HEIMS within four weeks of each census date set by NQ Powertrain Pty Ltd.
       6.      NQ Powertrain Pty Ltd must not provide any new guarantees or loans to its directors, related entities, related persons or employees.
       7.      NQ Powertrain Pty Ltd must not offer its assets as security for the benefit of any other person or entity including related entities except as a consequence of any commercial loan arrangements with a recognised financial institution.
       8.      NQ Powertrain Pty Ltd must inform the Department in writing of changes to directors, company structure and/or its constitution at the time any changes occur.
       9.      NQ Powertrain Pty Ltd will provide the Department with all required financial information as specified in the Financial Viability Instructions, on an annual basis and no later than 31 December each year.
Conditions 1 to 3 will remain in place for a period of 36 months from the date of commencement of the notice of approval.  Condition 4 will remain in place for the timeframe stipulated.  Conditions 5 to 9 will remain in place for the time NQ Powertrain Pty Ltd continues to be an approved VET provider.

In accordance with subclause 12(2) of Schedule 1A to the Act this Notice of Approval commences on the day after it is registered on the Federal Register of Legislative Instruments.

Dated this …………twenty second..............…. day of ………….....April.……………………….. 2014

Ben Johnson
Branch Manager
Delegate of the Minister for Education