Education and Training Reform Act 2006

The Authority may accept a written undertaking given by the proprietor or principal of a registered school that is the subject of a review and evaluation of its operation under section 4.3.3 in connection with—

any matter in relation to which the Authority has a power or function under this Act; or

any matter relating to non-compliance of the school with a prescribed minimum standard for registration.

For the avoidance of doubt, a person may give an undertaking under this section to establish a trust fund into which students' fees (within the meaning of section 4.3.1A(4)) are paid and setting out the circumstances in which funds may be withdrawn from that trust fund.

For the avoidance of doubt, an undertaking given under this section or a court order made under section 4.3.3D may not be inconsistent with this Act, the regulations or a prescribed minimum standard for registration of schools.

A person may withdraw or vary an undertaking at any time after obtaining the consent of the Authority.