Higher Education Provider Approval No. 2 of 2015 (Cth)

NOTICE OF APPROVAL

COMMONWEALTH OF AUSTRALIA

Higher Education Support Act 2003

Higher Education Provider Approval No 2 of 2015

Approval under section 16-25, decision under paragraph 16-50(1)(a), and Notice of Approval under paragraph 16-50(1)(b) of the Higher Education Support Act 2003.

I, Maryann Quagliata, a delegate of the Minister for Education for the purposes of sections 16-25 and 16-50 of the Higher Education Support Act 2003 (the Act): (a) approve the application of S P Jain School of Global Management Pty Limited (ACN: 36 11 567 ABN: 87 136 711 567) as a Higher Education Provider in accordance with section 16‑25 of the Act; and (b) impose conditions on the approval of S P Jain School of Global Management Pty Limited in accordance with section 16-60 of the Act; and (c) note that this approval decides the application of S P Jain School of Global Management Pty Limited as required by paragraph 16‑50(1)(a) of the Act; and (d) hereby give S P Jain School of Global Management Pty Limited written notice of my approval as required by paragraph 16‑50(1)(b) of the Act.

Conditions 1. S P Jain School of Global Management Pty Limited must maintain adequate liquidity levels as measured by a current ratio of 1.0 or above for the period of its approval.

2. S P Jain School of Global Management Pty Limited must maintain a positive equity position for the period of its approval.

3. S P Jain School of Global Management Pty Limited will not provide any new guarantees or loans to its directors or related entities that could have a material effect on its finances.

4. S P Jain School of Global Management Pty Limited 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.