Tuition assurance for international students and domestic FEE-HELP students is provided through the Australian Government’s Tuition Protection Service (TPS). The current Education Minister, has committed to introducing legislation to expand the TPS, providing essential protections to all higher education students.
Tuition fee protection for domestic full fee-paying students is provided by ICMS’s specifically established bank account with the ANZ Bank (ICMS Domestic Fees Account).
Tuition assurance protects students in the event a course provided by an approved provider ceases to be provided after it starts but before it is completed.
As an approved higher education provider under the Higher Education Support Act 2003, International College of Management, Sydney Pty Limited ACN 003144045 as trustee for The ICTHM Trust ABN 54174259919 (“ICMS”) must meet the higher education tuition assurance requirements or be exempt from those requirements.
In the unlikely event, ICMS ceases to provide a course after it starts but before it is completed, there are arrangements in place to ensure a replacement course is identified and the student is placed with a suitable provider.
The Commonwealth Department of Education and Training (the Department) or a (consultant engaged by the Department) will work with affected students to identify a replacement course and arrange for students to be placed with a second provider.
– the course must lead to the same or comparable qualification as the original course;
– the mode of delivery of the replacement course must be the same as or, with the student’s consent, similar to the mode of delivery for the original course;
– the location of the replacement course must be reasonable, having regard to the costs of, and the time required for, a student’s travel; and
– the student will not incur additional fees that are unreasonable and will be able to attend the replacement course without unreasonable impacts on the student’s prior commitments.
From 1 January 2020, the Australian Government expanded the Tuition Protection Service (TPS) to protect domestic students with a FEE-HELP loan studying at a private education provider, to provide similar protection that has been provided by the TPS to international students.
If ICMS ceases to provide a course of study, FEE-HELP students will be supported to complete their studies in an equivalent course at another provider where a replacement course is available.
Where an affected student is unable to be placed in a comparable course, a re-credit of their FEE-HELP balance may be sought for subjects commenced but not completed.
For further information on tuition assurance by TPS for domestic FEE-HELP students refer to: