OASES Community Learning Limited: Revoke Registration Condition 16 January 2014
Addendum to Public Report 5 Sep 2013 - Registration Condition Revoked
TEQSA has determined, under Section 36(1) of the TEQSA Act, that registration of Oases Community Learning Limited as a higher education provider is renewed until 31 December 2016 in the provider category of 'Higher Education Provider'.
Condition imposed 5 September 2013
TEQSA has, under subsection 32(1) of the TEQSA Act, imposed one condition on the registration of Oases Community Learning Limited as a higher education provider.
a) Oases Community Learning Limited provides to TEQSA, within 90 days of the notification of this decision, evidence that it has a cash reserve that will:
i) provide an underpinning for the sustainability of its higher education operation; and
ii) ensure funds are available to repay any portion of tuition fees paid by a student for a unit of study in an accredited course ('the course of study') that the student commences but is not able to complete as a result of the provider being unable, for any reason, to deliver the course of study.
b) Oases Community Learning Limited maintains, at all times, the level of cash reserves identified in part (a) throughout the period of registration and if exceptional circumstances dictate the need to draw on funds that affects this minimum level, Oases Community Learning Limited must notify TEQSA through a Material Change Notification prior to this occurring.
On 16 January 2014 TEQSA revoked Condition 1a) on the basis that OCL had provided evidence that it has the necessary cash reserves in place to satisfy this sub-condition.