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Last Updated: 1 August 2023
AN ACT TO ESTABLISH THE TERTIARY SCHOLARSHIPS AND LOANS SERVICE FOR THE ADMINISTRATION OF TERTIARY SCHOLARSHIPS AND LOANS IN FIJI
[Long title am Act 20 of 2021 s 5, effective 1 August 2021]
[TSL 16] Loan and bond agreements16
16
[subs (1) am Act 29 of 2017 s 3, effective 1 August 2017; Act 38 of 2017 s 7, effective 1 August 2017]
(2) A student who has been awarded a scholarship under this Act shall be required to enter into a bond agreement with the Fiji Revenue and Customs Service.
[subs (2) am Act 29 of 2017 s 3, effective 1 August 2017; Act 38 of 2017 s 7, effective 1 August 2017]
(3) The loan or bond agreement under subsections (1) and (2) shall be primae facie evidence of a student’s obligation to make loan repayments or fulfil bond conditions, which shall be deemed to be an obligation in law.
[subs (3) am Act 29 of 2017 s 3, effective 1 August 2017]
(4) A student or former student as the case may be, who is under a loan or bond agreement is required to provide a guarantor or guarantors in the event he or she intends to leave the country for any purpose during the term of his or her loan conditions or bond period.
[subs (4) insrt Act 29 of 2017 s 3, effective 1 August 2017]