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Higher Education Support Act 2003
16Minister to have regard to financial information
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16 Minister to have regard to financial information
In determining whether a *VET provider is financially viable, and likely to remain so, the Minister must have regard to:
(a) any financial statement provided by the provider under clause 15; and
(b) any financial information provided by the provider in response to a notice given to the provider under clause 24.
Subdivision 4‑C—The VET quality requirements
17 Provider must maintain quality
(1) A *VET provider must operate, and continue to operate, at an appropriate level of quality for a VET provider.
(1A) To avoid doubt, subclause (1) covers the quality of all of a *VET provider’s operations.
(2) The Minister must not determine that a *VET provider meets an appropriate level of quality for a VET provider unless the Minister is satisfied that the provider meets the requirements relating to quality set out, or referred to, in the *VET Guidelines.
(4) Despite subsection 14(2) of the Legislation Act 2003, the *VET Guidelines may refer to a requirement by applying, adopting or incorporating any matter contained in an instrument or other writing as in force or existing from time to time.
Subdivision 4‑D—The VET fairness requirements