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VET Student Loans (VSL Tuition Protection Levy) Bill 2019

2019

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

VET Student Loans (VSL Tuition Protection Levy) Bill 2019

 

No.      , 2019

 

(Employment, Skills, Small and Family Business)

 

 

 

A Bill for an Act to impose VSL tuition protection levy, and for related purposes

   

   

   



Contents

Part 1—Preliminary                                                                                                              1

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 2

3............ Crown to be bound............................................................................. 2

4............ Act does not impose tax on property of a State................................... 2

5............ Definitions.......................................................................................... 2

Part 2—VSL tuition protection levy                                                                            4

6............ Imposition of VSL tuition protection levy........................................... 4

7............ Amount of VSL tuition protection levy............................................... 4

8............ Administrative fee component............................................................. 5

9............ Legislative instrument for purposes of section 8................................. 5

10.......... Indexation of administrative fee components etc................................. 6

11.......... Risk rated premium component........................................................... 8

12.......... Special tuition protection component................................................... 8

13.......... Legislative instrument for purposes of section 11 or 12...................... 9

Part 3—Other matters                                                                                                        11

14.......... Exemptions....................................................................................... 11

15.......... Regulations....................................................................................... 11

 



A Bill for an Act to impose VSL tuition protection levy, and for related purposes

The Parliament of Australia enacts: