Bill
Higher Education Support (HELP 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 create a levy on education providers to fund tuition protection for students using HELP loans at private providers or TAFEs.
The levy has three components: an administrative fee set by the Minister, a risk-rated premium set by the HELP Tuition Protection Director, and a special component for shortfalls, all reviewed annually.
The new arrangements would take effect from 1 January 2020, with TAFEs and government-owned providers exempt from the risk-rated and special components.
- Imposes the HELP tuition protection levy on providers.
- Specifies the levy components and how they are determined each year.
- Establishes the HELP Tuition Protection Fund as a special account.
- Requires the Minister to determine the administrative fee component.
- Requires the HELP Tuition Protection Director to determine the risk-rated premium and special components.
- Provides for annual review of the levy.
Private education providers and TAFEs offering VET Student Loans, FEE-HELP, or HECS-HELP assistance.
Sources
em
em supp
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billhome
frl act