(1) An EFTSL is an equivalent full - time student load. It is a measure of the study load:
(a) in respect of a * course of study--for a year, of a student undertaking that course of study on a full - time basis; or
(b) in respect of an * accelerator program course--for the period of the accelerator program course, of a student undertaking that course on a full - time basis.
(2) For the purposes of a * course of study, a particular amount of EFTSL is an amount of study, undertaken with a higher education provider as part of the course, represented by units of study with * EFTSL values the sum of which equals that amount.