20Requirements for a student led organisation

20 Requirements for a student led organisation

For the purposes of paragraph 19-39(3)(c) of the Act, the requirements for an organisation to be a student led organisation that relates to a higher education provider are that: (a) the higher education provider is satisfied that the organisation has appropriate governance arrangements, including that: (i) the governing body of the organisation makes decisions independently from the higher education provider; and (ii) the organisation keeps and publishes annual audited accounts that record the organisation’s income and expenditure, including in relation to transactions between the higher education provider and the organisation; and (iii) the organisation has, and complies with, policies and procedures in place that relate to record keeping, risk management, fraud prevention and financial controls; and (b) the organisation provides the services set out in subsection 19-38(4) of the Act to students using the student services and amenities fee revenue allocated to the organisation by the higher education provider in a calendar year.