Third Party Agreement Teqsa

3. If the third-party supplier has or can obtain a qualified and experienced coordinator of the academic program in the discipline or s proposed for the agreement, in order to reduce risks and quality defects and ensure the choice of a reliable third party to become a partner, a credible, rigorous and factual due diligence process is implemented before reaching an agreement with third parties. The due diligence process will take into account a number of issues, including: If the university plans to support the third party (for example. B to avoid financial and reputational risks to its own operations, reduce regulatory risks or gain a stake in a contiguous company), it should carefully consider (a) the means to achieve this and (b) whether there are ways to structure and document aid that reduces the risk to the university if the third party fails in each case. 3.2 The university`s legal counsel is responsible for the payment of the agreement by referring to the third party checklist. (Annex C) 6.1 Any changes to the third-party agreement affecting the implementation of a programme must be communicated to all members of the Amviszuzoneten. For some third parties in higher education, maintaining an ongoing relationship with a university may be essential to the viability of the business. Third parties experiencing financial difficulties may strive for more comfort or support from partner universities they need. 3.7 The Vice-Chancellor and the President are responsible for approving and signing the agreement. Provisions for termination, exit or termination of the contract, including the treatment of consequences; 5.6 In the event of a serious breach, steps are taken to remedy the problem or to terminate the treaty. The Office of the Assistant Vice-Chancellor (Academic) is responsible for initiating and monitoring corrective action; The Vice-Chancellor and the President are responsible for denouncing an agreement.

The university works with a number of Australian and international organizations to provide university programs, infrastructure, facilities and services. These third-party partnership agreements must be governed by appropriate written contracts or agreements and should be informed of TEQSA`s guidelines on third-party agreements. All third-party agreements must be approved and signed before being implemented. If a third party is placed in voluntary management or liquidation, there is a high risk of non-compliance with its contractual obligations and the university is legally prevented from taking legal action to enforce compliance with insolvency law. The result is some important practical questions. 6.3 The Director of USC International is responsible for TEQSA`s approval of the terms of a third-party agreement in which international students must be enrolled. 5.1 The university establishes a cycle of periodic reviews of each third-party agreement and evaluates its performance. The reviews are largely conducted internally, but are supported by external audits (at least every five years) in accordance with the requirements of the standard framework for corporate and university governance. Part of this analysis includes taking into account the risks that may arise in the event of a third-party collapse. Some important considerations are: 4.1 In accordance with the requirements of the university standards framework, the university is fully responsible for all aspects of the provision and support of the program by a third-party organization, including: all partnership agreements must meet the university`s contract requirements.

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