Vocational Education Training (VET) Student Loans and trustees dont mix

Is your RTO trustee of a trust? A quick restructure may be in order if you want to be an Approved Course Provider of VET Student Loans

This article is the second in a series about Vocational Education Training sector changes in connection with the VET Student Loans Act 2016 (the Act).

Our previous article (which you can read here) outlined the application process for becoming an Approved Course Provider (ACP) for VET Student Loans. This article continues with the theme of ACP eligibility requirements. A requirement that ACP applicants may not have picked up or understood fully is their inability to be trustees of a trust. Imminent organisational restructuring is on the cards for those ACPs who fall into this category.