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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
8. Student Fee Protection Mechanism(s) for Providers
- Providers must have or put in place prior to the Provider or any person acting on behalf of the provider accepting any Student Fees from a Student, and keep in place, a Mechanism which meets the criteria for that Mechanism set out in Appendix B, and meets the criteria in Appendix D.
- For the Refund Period the Mechanism must be a standard or static trust managed by an Approved Independent Trustee (under Mechanism 1 in Appendix B).
- After the Refund Period, and where no Refund Period applies, one or more of the Mechanisms must be used.