Education Providers have the following financial obligations:

• To pay annually the Administrative Fee, Base Fee, Risk Based Fee and Special levy (if applicable) as described above
• To collect not more than 50 % of the total tuition fees for the whole course before the course commences, unless the course runs for 24 weeks or less
• To not collect the remaining tuition fees for the course until two weeks before the student’s second study period.  Some providers, such as universities, who offer longer courses, may choose to spread tuition payments over the whole course on a semester-by-semester basis.
• To establish a designated account for the prepaid tuition fees for non-commenced students.  Providers who are administered by a state education authority or are entitled to receive recurrent Commonwealth funding are exempted from this obligation.  This designated account does not have to be a trust fund and can be a normal bank account that allows deposits and withdrawals.