Australian Capital Territory Numbered Regulations

EDUCATION SERVICES FOR OVERSEAS STUDENTS (REGISTRATION AND REGULATION OF PROVIDERS) REGULATIONS (NO. 48 OF 1994)

TABLE OF PROVISIONS

   1.      These Regulations may be cited as the Education Services for Overseas Students (Registration and Regulation of Providers) Regulations.  
   2.      These Regulations commence on the day on which section 3 of the Act commences.  
   3.      In these Regulations, unless the contrary intention appears—“the Act” means the Education Services for Overseas Students (Registration and Regulation of Providers) Act 1994.  
   4.      For the purposes of paragraph 7 (3) (g) of the Act, the following particulars are prescribed:  
   5.      For the purposes of paragraph 16 (1) (b) of the Act, the prescribed percentage is 80%.  
   6.      Where a student or a person acting on behalf of the student pays tuition fees into a trust account for a course to be provided to the student by a private provider, the provider may withdraw or pay out—  
   7.      (1) Where a student or a person acting on behalf of the student pays an amount of course money (other than tuition fees) into a trust account for a specified purpose, a private provider may withdraw or pay out that amount, or part of that amount, for that purpose.  
   8.      Where a private provider is entitled to withdraw or pay out an amount for a particular purpose under regulation 6 or 7, the provider may also withdraw or pay out any interest earned on that amount while that amount is held in the trust account for the same purpose.  
   9.      For the purposes of paragraph 22 (1) (a) of the Act, the form set out in the Schedule is prescribed.  
           SCHEDULE