PURPOSE AND OPERATION

The TPS arrangements, including the TPS levy, commenced on 1 July 2012 and are designed to establish a universal tuition protection framework in respect of overseas students. This framework benefits overseas students affected by a provider default, by providing students with placement options or refunds where placement is not available. The arrangements are also designed to protect the considerable investment overseas students make in an Australian education, and to protect and enhance Australia’s reputation as a destination of choice for overseas students.

Source: Education-Services-for-Overseas-Students—TPS-Levies.pdf and Education-Services-for-Overseas-Students—TPS-Levies-Explanatory-Statement.pdf