Under the provisions of Schedule 1A of the Higher Education Support Act 2003 (HESA) and Division 4 of the Higher Education Support (VET) Guideline 2015, VU (the First Provider) must comply with the VET Tuition Assurance requirements.
This is to protect students in the event that VU ceases to provide a VET course of study in which a student is enrolled. The meaning of "ceases to provide a VET course of study” is set out in clause 3.5.3 of the VET Guidelines.
In the event that VU ceases to provide a VET course of study in which a student is enrolled the student is entitled to a choice of:
an offer of a place in a similar VET course of study with a Second Provider without any requirement to pay the Second Provider any VET tuition fee for any replacement VET units (this is known as the "VET Course Assurance Option");
a refund of his or her up-front VET payments for any VET unit of study that the student commences but does not complete because VU ceases to provide the VET course of study of which the VET unit forms part (this is known as the "VET Tuition Fee Repayment Option”).
VU has met the VET tuition assurance requirements as specified in the Higher Education Support (VET) Guideline 2015 through its current membership of the TAFE Directors of Australia (TDA) Tuition Assurance Scheme.