(1) A regulated higher education award is:
(a) an Australian higher education award offered or conferred for the completion of an Australian course of study; or
(b) an overseas higher education award offered or conferred for the completion of an overseas course of study provided wholly or mainly from Australian premises related to the award.
(2) The course of study does not need to be provided by the person that offers or confers the award.
(3) Paragraph (1)(a) does not apply to an Australian higher education award to the extent that it is offered or conferred by:
(a) a foreign corporation; or
(b) a person (other than an individual) established outside of Australia who conducts activities in a Territory; or
(c) an individual, who is not an Australian resident, who conducts activities in a Territory.