•   This Part sets out what happens when a registered provider or an overseas student or intending overseas student defaults (that is, when a provider fails to start or finish providing a course to a student, or a student fails to start or finish a course with a provider).

•   Division   2 sets out the obligation on registered providers to provide refunds to students. In the case of a provider default, a registered provider may instead provide alternative courses for the students at the provider's expense.

•   If a provider defaults and fails to discharge its obligations to a student under Division   2, then, under Division   3, the TPS Director must provide the student with options for suitable alternative courses (if any such courses are available).

•   Under Division   4, payments can be made out of the Overseas Students Tuition Fund to refund students, and to reimburse providers who provide students with alternative courses, when a provider has failed to discharge its obligations. (This is called making a call on the OSTF.)