Bill
VET Student Loans (VSL Tuition Protection Levy) Bill 2019
passed, as at 2020-02-17. Employment, Skills, Small and Family Business portfolio.
- Sponsor
- Not recorded
- Portfolio
- Employment, Skills, Small and Family Business
Recorded stages
- introduced — 2019-09-18
- second reading — 2019-09-18
- second reading — 2019-10-23
- second reading — 2019-10-24
- second reading — 2019-10-24
- third reading — 2019-10-24
- introduced — 2019-11-11
- second reading — 2019-11-11
- second reading — 2019-12-05
- second reading — 2019-12-05
- committee — 2019-12-05
- other — 2019-12-05
- other — 2019-12-05
- third reading — 2020-02-05
- passed — 2020-02-05
- royal assent — 2020-02-17
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2019-09-18.
This bill would impose a levy on vocational education providers to fund tuition protection for students using VET Student Loans, FEE-HELP or HECS-HELP at private providers or TAFEs.
The levy has three components: an administrative fee paid by all providers, a risk-rated premium and a special protection component paid only by private providers, with amounts set annually by the minister or the VSL Tuition Protection Director.
The levy would take effect from 1 January 2020 and be reviewed each year.
- Imposes the VSL tuition protection levy on approved course providers.
- Specifies three levy components: administrative fee, risk-rated premium and special tuition protection component.
- Assigns responsibility for determining levy components to the minister and the VSL Tuition Protection Director.
- Establishes the VSL Tuition Protection Fund as a special account under the Public Governance, Performance and Accountability Act 2013.
- Requires the Treasurer to approve the legislative instrument made by the Director for the risk-rated premium and special protection components.
- Provides for annual review of the levy.
Private education providers, TAFEs, and students accessing VET Student Loans, FEE-HELP or HECS-HELP assistance.
Sources
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billhome
frl act