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EDUCATION SERVICES FOR OVERSEAS STUDENTS ACT 2000 - SECT 50
Functions and powers of the Fund Manager
- (1)
- The functions of the Fund Manager are as follows:
- (a)
- to hold the money standing to the credit of the Fund on trust for the
benefit of overseas students and intending overseas students of registered
providers, for the purpose of the Fund;
- (b)
- to manage the Fund in a way that ensures it is able to meet all its
liabilities from time to time;
- (c)
- to propose to the Panel the criteria for determining the amounts of annual
Fund contributions for providers;
- (d)
- to determine the amounts of annual Fund contributions for providers, in
accordance with those criteria;
- (e)
- to collect annual Fund contributions and special levies from providers;
- (f)
- to arrange alternative courses for students, and to make payments from the
Fund, when required to do so under this Part;
- (g)
- any other functions that this Act confers on the Fund Manager.
- (2)
- The Fund Manager has power to do all things necessary and convenient for
or in connection with performing its functions.
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