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.
Domestic students using FEE-Help: Statement of Tuition Assurance (read below)
Domestic students paying their fees: Statement of Tuition Assurance (read below)
International Students: Statement of Tuition Protection Service (TPS) (read below)
Statement of Tuition Assurance
Domestic students using FEE-Help
Tuition assurance protects students in the event a course provided by an approved FEE-HELP 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 The ICTHM Trust ABN:54174259919 ("ICMS") must meet the higher education tuition assurance requirements or be exempt from those requirements
It is intended that, from 1 January 2018, ICMS will be exempted from the requirement to meet the higher education tuition assurance requirements. Instead, ICMS is required to comply with interim arrangement which ensure similar tuition assurance protection is provided to students.
This statement sets out the interim arrangement for tuition assurance that will apply from 1 January 2018 and ICMS' obligations from that date.
If any changes occur to the proposed arrangement outlined below, a revised statement will be provided on ICMS' website and advised to all students that have enrolled in the intervening period.
What happens if ICMS ceases to provied an eligible higher education course of study?
Information for affected students:
- ICMS will notify affected students in writing that an eligible higher education course of study is no longer provided within two business days after ICMS ceases to provide the course.
- As soon as practicable, ICMS will also update its website to reflect that the course is no longer being delivered and to give students information about the tuition assurance arrangements.
- Affected students may choose either course assurance arragements or a re-credit of their FEE-HELP balance.
- 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.
- Replacement courses must meet the following requirements:
- 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
- Affected students will be offered a replacement course and may seek a review about whether the course offered to them meets the requirements for replacement courses.
- A student who accepts the replacement course offered will not be required to pay the second provider for the replacement components of the replacement course. However, the fees payable for the remainder of the replacement course may be different from the fees payable for the original course.
- The student will also receive course credits for parts of the original course successfully completed by the student, as evidenced by a copy of a statement of attainment or other Australian Qualifications Framework certification document issued by the course provider or an authorised issuing organisation in accordance with the Australian Qualifications Framework.
- Each affected student will have a period of six (6) months in which to accept the replacement course offer. The Department may extend that period in circumstances that justify an extension.
- If an affected student enrols in a course that is not a replacement course, the student may be required to pay additional tuition fees, and might not receive the course credits the student would have received if the student had enrolled in a replacement course.
Re-credit of FEE-HELP balance
- Where the student chooses the re-credit of FEE-HELP balance option, the Department (or a consultant engaged by the Department) will notify the student that he or she may apply to ICMS to have their FEE-HELP balance re-credited for the affected parts of the original course. The student may nominate the Department (or a consultant engaged by the Department) to make the application on the student's behalf.
- ICMS will consider students' applications as soon as practicable and notify them of the decision about the application, together with a statement of reasons for the decision. If an application for a re-credit is accepted, the amount re-credited will be equal to the amount of FEE-HELP assistance received by the student for the affected units of study.
- It is suggested best practice for students to retain assessments, records of competencies or statements of attainment that they receive from their education provider.
Domestic students paying their fees
- ACPET offers tuition assurance protection to students in the event that a student is unable to complete a course as a result of the insolvency of the Provider. Tuition Assurance relates to that portion of a student's tuition fees that were paid in advance of that tuition.
- The Scheme offers two choices. When a provider ceases to trade, students can request to continue their study in a comporable course with an alternative provider, or to discontinue with their studies and obtain a refund for the fees prepaid but unutilised. The ASTAS is underpinned by an Insurance Policy and all refunds are carried out in accordance with this policy.
- The Insurance Policy does not provider for the full refund of all fees as at the date of payment of those fees. Rather, the policy operates based on the effluxion of . time, from the commencement of your enrolment to your expected completion date.
- The policy will pay out the proportion of your course fees, calculated from the date of your provider's insolvency. That is, the proportion of unutilised fees left as at the date of insolvency.
- This effectively means that if you paid 100% of your course fees in advance and are halfway through the time agreed for your course, you would receive 50% of your fees, subject to the other terms and conditions in the policy.
Statement of Tuition Protection Service (TPS)
The Tuition Protection Service or TPS is an initiative of the Australian Government to assist international students whose education provideres are unable to fully deliver their course of study. The TPS ensures that international students are able to either:
- Complete their studies in another course or with another education provider or
- Receive a refund of their unspent tuition fees.
If ICMS cannot deliver the course a student has paid for, the TPS will help the student find another course with minimal disruption to their studies. The TPS will use an online placement service to give the student all the information they need so they understanding their options and can choose an alternative course that best suits them. Support in using the system will be available to students if they need it.
If a student is unable to find a suitable alternative course, the TPS will refund the tuition fees that have been paid, for the part of the course that they have not yet received.
For further information regarding TPS, please refer to the following website: https://tps.gov.au