Bill
Higher Education (Up-front Payments Tuition Protection Levy) Bill 2020
passed, as at 2020-11-20. Education, Skills and Employment portfolio.
- Sponsor
- Not recorded
- Portfolio
- Education, Skills and Employment
Recorded stages
- introduced — 2020-08-26
- second reading — 2020-08-26
- second reading — 2020-10-20
- second reading — 2020-10-21
- second reading — 2020-11-09
- second reading — 2020-11-09
- third reading — 2020-11-09
- introduced — 2020-11-10
- second reading — 2020-11-10
- second reading — 2020-11-12
- second reading — 2020-11-12
- third reading — 2020-11-12
- passed — 2020-11-12
- royal assent — 2020-11-20
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 2020-08-26.
This bill imposes a levy on private higher education providers to fund protection for domestic students who pay tuition fees up front.
The levy has three parts: an administrative fee set by the Minister, a risk-rated premium and a special component both set by the Higher Education Tuition Protection Director, with the Treasurer's approval for the latter two.
The levy takes effect from 1 January 2021, and the collected funds go into a renamed Higher Education Tuition Protection Fund, which also holds HELP contributions.
- Imposes the up-front payments tuition protection levy on private higher education providers.
- Sets out the three components of the levy and who determines them each year.
- Provides for annual review of the levy and consultation with the sector.
- Allows the Guidelines to exempt certain classes of providers from one or more levy components.
Private higher education providers and their domestic students who pay tuition fees up front.
Sources
em
billhome
frl act