Acts and Regulations

84-207 - General

Section 10.1
Disposition versions

Full text
10.1(1)The Fund may be used for the purpose of paying to a lender any money that may be refunded to a student or a third party under paragraph 6.4(5)(b) or (7)(b) of the Act.
10.1(2)Payments for the purposes of subsection (1) shall be a charge upon and payable out of the Fund.
10.1(3)If the Minister makes a payment under subsection (1) in a case where a training organization has failed to refund money repayable under subsection 10(6), the training organization shall, within 30 days after being requested by the Minister to do so, remit to the Minister for deposit to the credit of the Fund the money that the training organization failed to refund.
10.1(4)Notwithstanding any other provision of this section,
(a) no payment shall be made under subsection (1) if the training organization has not charged and collected from the student or the third party the student protection fee required under section 6.6 of the Act, and
(b) if there is insufficient money in the Fund to make a payment under subsection (1), the payment made shall
(i) not exceed the amount of money in the Fund, and
(ii) be provided on a pro rata basis.
2002-12; 2016, c.28, s.175
10.1(1)The Fund may be used for the purpose of paying to a lender any money that may be refunded to a student or a third party under paragraph 6.4(5)(b) or (7)(b) of the Act.
10.1(2)Payments for the purposes of subsection (1) shall be a charge upon and payable out of the Fund.
10.1(3)Where the Corporation makes a payment under subsection (1) in a case where a training organization has failed to refund money repayable under subsection 10(6), the training organization shall, within thirty days after being requested by the Corporation to do so, remit to the Corporation for deposit to the credit of the Fund the money that the training organization failed to refund.
10.1(4)Notwithstanding any other provision of this section,
(a) no payment shall be made under subsection (1) if the training organization has not charged and collected from the student or the third party the student protection fee required under section 6.6 of the Act, and
(b) if there is insufficient money in the Fund to make a payment under subsection (1), the payment made shall
(i) not exceed the amount of money in the Fund, and
(ii) be provided on a pro rata basis.
2002-12
10.1(1)The Fund may be used for the purpose of paying to a lender any money that may be refunded to a student or a third party under paragraph 6.4(5)(b) or (7)(b) of the Act.
10.1(2)Payments for the purposes of subsection (1) shall be a charge upon and payable out of the Fund.
10.1(3)Where the Corporation makes a payment under subsection (1) in a case where a training organization has failed to refund money repayable under subsection 10(6), the training organization shall, within thirty days after being requested by the Corporation to do so, remit to the Corporation for deposit to the credit of the Fund the money that the training organization failed to refund.
10.1(4)Notwithstanding any other provision of this section,
(a) no payment shall be made under subsection (1) if the training organization has not charged and collected from the student or the third party the student protection fee required under section 6.6 of the Act, and
(b) if there is insufficient money in the Fund to make a payment under subsection (1), the payment made shall
(i) not exceed the amount of money in the Fund, and
(ii) be provided on a pro rata basis.
2002-12