Total, by sector -$26.646 $0 $0.233 -$26.413 Cost offset Business Community Individuals by ($ million) organisations source Agency -$26.646 $0 $0.233 -$26.413 Are all new costs offset? Yes, costs are offset No, costs are not offset Deregulatory—no offsets required Total (Change in costs Cost offset) ($ million) = -$26.41 – Costs and offsets are further summarised at Table 4. Table 4: Regulatory Burden and Cost Offset Estimates Government’s proposed measures – (additions to business as usual) Community Total change Change in costs ($million) Business Individuals Organisations in cost A No change. 0 0 0 0 – B1 Improve student awareness of how VFH – operates and rights and obligations under the 0 0 0 0 programme. C1 The banning of prohibited inducements to – -$5.706 0 0 -$5.706 entice students to enrol under the VFH scheme. C2 Tightening VET marketing and recruitment – -$1.388 0 0 -$1.388 practices C3 Improving the understanding of VFH operates, – -$1.289 0 $0.013 -$1.276 and students’ rights and obligations. C4 - Streamlining the debt waiver and revocation $0.050 0 $0.087 $0.137 processes for students VFH. C5 Strengthening the assessment criteria for, and – -$1.883 0 $0.000 -$1.883 ongoing scrutiny of, all VFH providers. C6 Ensuring student debt is incurred in line with – course delivery and continued student -$8.235 0 $0.000 -$8.235 participation. C7 Establishing minimum pre-requisite and prior – education qualifications, including demonstrated -$8.207 0 $0.128 -$8.079 literacy and numeracy requirements. C8 Enhancing training and outcomes information, – allowing students to make more informed choices $0.012 0 $0.004 $0.017 about training providers and courses. Total, by sector for all elements of C -$26.646 0 $0.233 -$26.413
Total, by sector -$26.646 $0 $0.233 -$26.413 Cost offset ($ million) Business Community organisations Individuals by source Agency -$26.646 $0 $0.233 -$26.413 Are all new costs offset? Yes, costs are offset No, costs are not offset Deregulatory—no offsets required Total (Change in costs – Cost offset) ($ million) = -$26.41 Costs and offsets are further summarised at Table 4. Table 4: Regulatory Burden and Cost Offset Estimates – Government’s proposed measures (additions to business as usual) Change in costs ($million) Business Community Organisations Individuals Total change in cost A – No change. 0 0 0 0 B1 – Improve student awareness of how VFH operates and rights and obligations under the programme. 0 0 0 0 C1 – The banning of prohibited inducements to entice students to enrol under the VFH scheme. -$5.706 0 0 -$5.706 C2 – Tightening VET marketing and recruitment practices -$1.388 0 0 -$1.388 C3 – Improving the understanding of VFH operates, and students’ rights and obligations. -$1.289 0 $0.013 -$1.276 C4 - Streamlining the debt waiver and revocation processes for students VFH. $0.050 0 $0.087 $0.137 C5 – Strengthening the assessment criteria for, and ongoing scrutiny of, all VFH providers. -$1.883 0 $0.000 -$1.883 C6 – Ensuring student debt is incurred in line with course delivery and continued student participation. -$8.235 0 $0.000 -$8.235 C7 – Establishing minimum pre-requisite and prior education qualifications, including demonstrated literacy and numeracy requirements. -$8.207 0 $0.128 -$8.079 C8 – Enhancing training and outcomes information, allowing students to make more informed choices about training providers and courses. $0.012 0 $0.004 $0.017 Total, by sector for all elements of C -$26.646 0 $0.233 -$26.413
Changes-to-the-VET-FEE-HELP-Scheme-RIS.docx