Higher Education Support Act 2003 - VET Provider Approval No. 18 of 2015 (Cth)

NOTICE OF APPROVAL COMMONWEALTH OF AUSTRALIA Higher Education Support Act 2003 VET Provider Approval No 18 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 (HESA).

I, Maryann Quagliata, a delegate of the Minister for Education and Training (a) approve the application of The Lady Gowrie Child Centre (Melbourne) Inc. (ARBN: 118 714 980 ABN: 27 625 198 252) as a VET provider in accordance with subclause 6(1) of Schedule 1A to HESA; and (b) imposes conditions on the approval of The Lady Gowrie Child Centre (Melbourne) Inc. as a VET Provider in accordance with subclause 12A(1) of Schedule 1A to HESA; and (c) note that this approval decides the application of The Lady Gowrie Child Centre (Melbourne) Inc. as required by paragraph 11(1)(a) of Schedule 1A to HESA; and (d) hereby give The Lady Gowrie Child Centre (Melbourne) Inc. written notice of my approval as required by paragraph 11(1)(b) of Schedule 1A to HESA.

Conditions 1. The Lady Gowrie Child Centre (Melbourne) Inc. must maintain adequate liquidity levels as measured by a current ratio of 1.0 or above for the period of its approval. 2. The Lady Gowrie Child Centre (Melbourne) Inc. must maintain a positive equity position for the period of its approval. 3. The Lady Gowrie Child Centre (Melbourne) Inc. will 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. 4. The Lady Gowrie Child Centre (Melbourne) Inc. must not offer its assets as security for the benefit of any other person or entity including associated entities except as a consequence of any commercial loan arrangements with a recognised financial institution for the period of its approval. Associated entity has the meaning given by section 50AAA of the Corporations Act 2001. 5. The Lady Gowrie Child Centre (Melbourne) Inc. must provide the Department responsible for administering the Higher Education Support Act 2003 with all required financial information as specified in the Financial Viability Instructions, on an annual basis by no later than 31 December each year for the period of its approval. 6. The Lady Gowrie Child Centre (Melbourne) Inc. must, in writing, advise the Department responsible for administering the Higher Education Support Act 2003 of any events affecting Lady Gowrie Child Centre (Melbourne) Inc or a related entity that may significantly affect the capacity of Lady Gowrie Child Centre (Melbourne) Inc to meet the VET quality and accountability requirements under the Act for the period of its approval. The written advice must be provided within 10 working days of the event occurring. 7. The Lady Gowrie Child Centre (Melbourne) Inc. must inform the Department responsible for administering the Higher Education Support Act 2003 in writing of changes to directors, company structure and/or its constitution for the period of its approval. The written advice must be provided within 10 working days of the event occurring. 8. The Lady Gowrie Child Centre (Melbourne) Inc. must not include in VET units of study, any units of competency that are not listed as part of the diploma or above level qualification in the relevant Training Package or VET Accredited Course for the period of its approval.