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Fees and Refunds Policy and Procedures (Domestic Students)

Fees and Refunds Policy and Procedures (Domestic)

Purpose
The purpose of this policy and procedure is to outline Future Academy’s approach to managing fees
and refunds and to demonstrate how fees paid in advance are protected by Future Academy.
Definitions
ASQA means Australian Skills Quality Authority, the national VET regulator and the RTO’s registering
body
DET means Department of Education and Training
Provider default means where the provider fails to start providing the course to the student at the
location on the agreed starting day or after the course starts but before it is completed, it ceases to be
provided to the student at the location; and the student has not withdrawn from the course before the
default day.
Standards means the Standards for Registered Training Organisations (RTOs) 2015 from the VET
Quality Framework
Policy
1. Protection of fees paid in advance
Future Academy protects the fees that are paid in advance by students in the following manner:
• All course fees will be held in a separate bank account that can only be drawn down when
the student commences. The course fees are held separately from the day-to-day
operating expense accounts, so that if a refund is payable before the student commences,
the refund can be made in full and in a timely way without impact on the financial
operations of the business or recourse to the tuition protection system.
• Future Academy does not require students to pay more than 50% of course
fees prior to course commencent. The remaining 50% will be collected no earlier than 2
weeks prior to the commencement of the second study period.

2. Fees and refund information

Prospective and current students are advised of the fees associated with a course on the Fee Schedule. This is provided prior to enrolment or commencement of training, whichever is first. It includes the following information:

• All relevant fee information, including fees that must be paid and payment terms

• Details of the potential for fees to change during the student’s course as relevant

• Deposits and refund information and conditions relating to these

• The learner’s rights as a consumer including any cooling off period

Refund information is outlined in the Student Handbook.

Fees will only be collected once a signed copy of the signed Fee Schedule is received by Future Academy.

3. Inclusions in course fees

Unless otherwise specified, course fees include all the training and assessment required for students to achieve the qualification or course in which they are enrolling. Course fees will clearly itemise tuition, as well as non-tuitions fees.

• Course fees do not include required learning materials. These are at an additional cost, as outlined on the Course Outline.

• Course fees include the issuance of a testamur and record of results and/or statement of attainment. For additional copies or re-issuing of any of these documents an additional fee is applicable. This fee is currently $50 per request.

4. Late payments

Domestic students will be charged $50 late fee for overdue tuition fees for 1-5 working days and if the tuition fees are overdue more than 5 working days $100 late fee will charged. Students who do not pay their fees will have their course terminated.

Refunds

All course fees include a non-refundable deposit / enrolment fee which is outlined on the Course Outline. The deposit is non-refundable except in the unlikely situation where Future Academy is required to cancel a course due to insufficient numbers or for other unforeseen circumstances. In this case, students will receive a full refund of their deposit. Students who withdraw from a course and wish to seek a refund or have the amount they owe on their fees reduced, must apply to Future Academy in writing, outlining the details and reason for their request. Students who have not completed a withdrawal form are not eligible for consideration of a refund or reduction in fees.

5. Refunds – domestic students
For domestic students, eligibility for a refund will be assessed as follows:
• Future Academy refund policy applies to both commencing and re-enrolling students.
• To claim any refund, you must complete the Future Academy refund application form.
• The Future Academy refund application form is available through the Future Academy website.
• Fill in the form along with proof of payment of course fees and copies of any supporting
documents, to Future Academy.
• Refunds will be paid in Australian dollars to the applicant only, unless authorisation is given by
the student in favour of another party.
• Students will be sent/given a statement explaining how their refund was calculated.
• Money should be refunded to the student within 28 days of the refund approval date.
• All course monies, including fees otherwise referred to as non-refundable will be refunded as
per Future Academy refund policy stated below.
• Any bank fees, fines etc incurred by Future Academy as a result of misinformation, error etc.,
on behalf of student, will be passed on to the student in addition to an administration fee of
$50.
• If a student defers his/her course he/she are not eligible for a refund.

• Payments made via credit card are locked for 60 days. Refund applications for payments made via credit card will not be processed before 60 days have elapsed. Moreover, all other policies remain applicable.

6. Full Refund:
A full refund, (minus refund processing fee and enrolment/application fee) will be granted to
students in the following situations:
• Compassionate or compelling circumstances which are out of the student’s control, such as
illness or disability, that prevents the student from undertaking the course. This may include
the death of a close family member of the student (parent, sibling, spouse or child).
• Other special or extenuating circumstances, including political, civil or natural events that
prevent the student from taking the course, may also be accepted at the discretion of college
management.

• Payments made via credit card are locked for 60 days. Refund applications for payments made via credit card will not be processed before 60 days have elapsed. Moreover, all other policies remain applicable.

7. No or Partial Refund

If a student wishes to apply for a refund under certain circumstances which are not covered under
full refund, he/she may be eligible for a partial refund. The amount of partial refund is determined
by the date of receipt of notice of withdrawal. Partial refunds (minus refund processing fee and
enrolment/application fee) will be given as follows:
• If a request for a refund is given to Future Academy 10 weeks or more before the
commencement date of the course, students will receive full refund of the amount paid minus
the non-refundable application fee.
• If a request for a refund is given to Future Academy between 10 weeks and 28 days before
the commencement date of the course, students will receive full refund minus refund
processing fee of 25% of the amount paid and non-refundable application fee. This is not
applicable if the student first defers the course and then applies for refund within the stipulated
timeframe. If this occurs then the students is only eligible for a 50% refund of the tuition fee
provided that he/she applies for refund 10 weeks or more before the course commencement
date.
• If a request for a refund is given less than 28 days before the commencement date, the
student will be eligible for a refund of 50% of the tuition fee paid minus the non-refundable
enrolment/application fee.
• Students who withdraw from a course after commencement date will not be eligible for a
refund and will be liable for the rest of the course fees as they have entered into financially
binding agreement. 
• Students who did not commence will not be eligible for any refund and will remain liable for
the rest of the course fees as they have entered into financially binding agreement. 
• False or misleading information in your application or during your course of study
automatically disqualifies you from any refunds.
• If the student applies for deferment first and then reapplies for a refund of course fee, a partial
refund of 25% of the fees will be paid.
Student Default
Future Academy will refuse to provide a refund or continue to provide a course to a student due
to:
• Failure to pay an amount he or she was liable to pay to Future Academy directly or indirectly in
order to undertake a course;
• Misbehaviour by the student or under strict disciplinary action.
Provider Default
Future Academy will have transfer arrangements put in place should the institute default due to any
of the following:
• The institute ceases operations;

• The course enrolled in does not begin on the agreed commencement date;
• The course enrolled in ceases to be provided at any time after it commences but before it is
completed; or
• The course enrolled in is not provided in full to the student because a sanction (restriction) has
been imposed on the registered provider.

• Payments made via credit card are locked for 60 days. Refund applications for payments made via credit card will not be processed before 60 days have elapsed. Moreover, all other policies remain applicable.
8. Outcomes of refund decisions
Future Academy will provide the outcome of the refund assessment in writing to the student’s
registered email address, outlining the decision and reasons for the decision along with any
applicable refund or adjustment notice.
Students will be advised that they may appeal the refund assessment following Future Academy
Complaints and Appeals Policy and Procedure.

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