41Notice of amount of VSL tuition protection levy

41 Notice of amount of VSL tuition protection levy

(1) The VSL Tuition Protection Director must specify in a written notice given to each approved course provider who is liable to pay VSL tuition protection levy:

(a) the amount of each component of the provider’s levy;

(b) the total amount of the provider’s levy;

(c) an explanation of how each component of the provider’s levy was calculated; and

(d) the business day by which the levy is due and payable by the provider.

(2) The day mentioned in paragraph (1)(d) of this section must be at least 14 days after the day the notice is given.

(3) A failure to give a provider the notice under subsection (1) does not affect the liability of the provider to pay a VSL tuition protection levy.

(4) Subsections (1) and (3) do not apply if the liability to pay the VSL tuition protection levy is waived under section 41A.

Note 1: VSL tuition protection levy is imposed on approved course providers to whom Part 5A of the Act applies under the VET Student Loans (VSL Tuition Protection Levy) Act 2019.

Note 2: Section 49A of the Act requires an approved course provider to pay the VSL tuition protection levy when it is due and payable. Section 36 of the Act enables the Secretary to suspend or revoke a provider if satisfied the provider is not complying with the Act.