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Student Fee Protection Rules 2022
- Authority
- Commencement
- Interpretation
- Application of these Rules
- Provider withdrawal and refund policies
- Voluntary closure or Course cessation
- Course Closure Event
- Student Fee Protection Mechanism(s) for Providers
- Student Fee Protection Mechanism(s) for Agents
- Public Notification of approved Student Fee Protection Mechanism
- NZQA approval of Suppliers
- Obligations of Suppliers
- Obligations of Providers
- Obligations of Agents
- Failure of Provider or Agent to comply with Rules
- Withdrawal of Mechanism by Supplier
- Failure of Supplier to comply with Rules
- Revocation
- Savings
- Appendix A
- Appendix B
- Appendix C
- Appendix D
12. Obligations of Suppliers
- Suppliers must:
- ensure that they meet all obligations under their Mechanisms, and in or under the Act, including under these Rules;
- where funds are held on behalf of Students, manage them prudently and in accordance with the law; and
- provide NZQA with the information described and pursuant to the timeframes in Appendix A, and any of that information outside of those timeframes when reasonably requested by NZQA.
- Without limiting a Supplier’s obligations under the Act to make refunds to Students withdrawing within the Refund Period, where -
- there is a voluntary closure or Course cessation by a Provider; or
- NZQA gives notice to the Supplier of a Course Closure Event - the Supplier must make Pro Rata Refunds to eligible Students.
- Where any payments out of a trust account leave a risk of a shortfall in the amount of a refund to a Student, the Supplier must have appropriate arrangements in place with the Provider or other person to cover that shortfall.