Australian Capital Territory Numbered Regulations

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EDUCATION SERVICES FOR OVERSEAS STUDENTS (REGISTRATION AND REGULATION OF PROVIDERS) REGULATIONS (NO. 48 OF 1994) - REG 4

4. For the purposes of paragraph 7 (3) (g) of the Act, the following particulars are prescribed:

        (a)     if the applicant is a corporation—a description of the applicant's corporate structure;

        (b)     a business plan in relation to the first 3 years of the applicant's operations, including—

              (i)     a description of the applicant's marketing strategy;

              (ii)     a risk analysis of cash flows; and

              (iii)     projections of student numbers and earnings;

        (c)     a statement of solvency including the following:

              (i)     assets;

              (ii)     liabilities;

              (iii)     contingencies and commitments;

        (d)     an audited financial statement for the previous financial year;

        (e)     details in relation to—

              (i)     any previous bankruptcy of the applicant;

              (ii)     any previous insolvency of the applicant;

              (iii)     any proposal to enter or entry into a compromise or arrangement by the applicant of a kind specified in Part 5.1 of the Corporations Law; or

              (iv)     any appointment in relation to the applicant, any of its assets or any part of its affairs or undertakings, of a liquidator, receiver, official manager or receiver and manager;

        (f)     a letter of acceptance of audit responsibility from the person appointed as auditor for the applicant, together with evidence that the person is a registered company auditor within the meaning of the Corporations Law.

Prescribed percentage



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