Higher Education Support Act 2003 - VET Provider Approval No. 13 of 2015 (Cth)

NOTICE OF APPROVAL COMMONWEALTH OF AUSTRALIA Higher Education Support Act 2003 VET Provider Approval No 13 of 2015

Approval under subclause 6(1), decision under paragraph 11(1)(a), and notice of approval under paragraph 11(1)(b) of Schedule 1A to the Higher Education Support Act 2003 (the Act).

I, Maryann Quagliata, a delegate of the Minister for Education and Training (a) approve the application of Transformations - Pathways to Competence & Developing Excellence Pty Ltd (ACN: 093 116 619 ABN: 13 093 116 619) as a VET provider in accordance with subclause 6(1) of Schedule 1A to the Act; and (b) imposes conditions on the approval of Transformations - Pathways to Competence & Developing Excellence Pty Ltd as a VET Provider in accordance with subclause 12A(1) of Schedule 1A to the Act; and (c) note that this approval decides the application of Transformations - Pathways to Competence & Developing Excellence Pty Ltd as required by paragraph 11(1)(a) of Schedule 1A to the Act; and (d) hereby give Transformations - Pathways to Competence & Developing Excellence Pty Ltd written notice of my approval as required by paragraph 11(1)(b) of Schedule 1A to the Act.

Conditions

1. Transformations - Pathways to Competence & Developing Excellence Pty Ltd must maintain adequate liquidity levels as measured by a current ratio of 1.0 or above for the period of its approval.

2. Transformations - Pathways to Competence & Developing Excellence Pty Ltd must maintain a positive equity position for the period of its approval.

3. Transformations - Pathways to Competence & Developing Excellence Pty Ltd must not provide any new guarantees or loans to its directors or related entities that could have a material effect on its finances for the period of its approval.