accounting standard has the same meaning as in the Corporations Act 2001.
Act means the VET Student Loans Act 2016.
ADI means an authorised deposit‑taking institution within the meaning of the Banking Act 1959.
approved course provider charge has the same meaning as in the VET Student Loans (Charges) Act 2016.
Australian Quality Training Framework has the same meaning as in the Higher Education Support Act 2003.
consolidated entity has the same meaning as in the Corporations Act 2001.
financially viable has a meaning affected by subsection 23(3).
HELP debt has the same meaning as in the Higher Education Support Act 2003.
higher education provider has the same meaning as in the Higher Education Support Act 2003.
key personnel of a course provider – see section 16.
listed course provider has the same meaning as in section 27 of the Act.
National Register has the same meaning as in the National Vocational Education and Training Regulator Act 2011.
NVR registered training organisation has the same meaning as in the National Vocational Education and Training Regulator Act 2011.
PPSA retention of title property has the same meaning as in the Corporations Act 2001.
provider: see section 13.
qualified accountant has the same meaning as in the Corporations Act 2001.
qualified auditor means:
(a) the Auditor‑General of a State or Territory; or
(b) a registered company auditor (within the meaning of section 9 of the Corporations Act 2001); or
(c) a person approved by the Secretary in writing.
Quality Standards has the same meaning as in the National Vocational Education and Training Regulator Act 2011.
registered higher education provider has the same meaning as in the Tertiary Education Quality and Standards Agency Act 2011.
registration code has the same meaning as in the National Vocational Education and Training Regulator Act 2011.
related body corporate has the same meaning as in the Corporations Act 2001.
related party means:
(a) An entity which is:
(i) a holding company of a provider; or
(ii) a subsidiary of a provider; or
(iii) a subsidiary of a holding company of a provider; or
(b) A person or entity related to key personnel of a provider which is:
(i) a spouse or child of key personnel; or
(ii) a child of the key personnel’s spouse; or
(iii) a dependant of the key personnel or of the key personnel’s spouse; or
(iv) anyone else who is one of the key personnel’s family and may be expected to influence the key personnel, or be influenced by the key personnel, in the key personnel’s dealings with the entity; or
(v) a company that is controlled by key personnel of the provider or a person listed in subparagraphs (i), (ii), (iii) or (iv), with control having the same meaning as in section 50AA of the Corporations Act 2001.
replacement provider means an approved course provider who provides a replacement course.
Special admissions test means a test to determine the suitability of a person seeking admission into a specialist approved course that is necessary to establish the suitability of the person for admission into that approved course, and includes specialist auditions, tests and interviews that are different from the normal requirements for admissions.
Standards for NVR Registered Training Organisations has the same meaning as in the National Vocational Education and Training Regulator Act 2011.
State or Territory subsidised course: see subsection 7(2).
Student Identifiers Registrar has the same meaning as in the Student Identifiers Act 2014.
transaction means a transaction between the provider and its key personnel or related parties, for example:
(a) a conveyance, transfer or other disposition of property; and
(b) a security interest granted in property (including a security interest in an entity’s PPSA retention of title property); and
(c) a guarantee; and
(d) a payment; and
(e) an obligation; and
(f) a release or waiver; and
(g) a loan;
and includes such a transaction that has been completed or given effect to, or that has terminated.
VET Provider has the same meaning as in the Higher Education Support Act 2003.