Training Completion Assurance Fund Advisory Board
- Colleges and Universities
Quality and Partnership Unit, Private Career Colleges Branch, Ministry of Training, Colleges and Universities 9th Floor, Mowat Block, 900 Bay Street
- Private Career Colleges Act, 2005, S.O. 2005, Chap. 28, Sched. L., Part II, ss. 4(1) (opens a new window)
- O. Reg. 414/06 (opens a new window)
The board is established under the Private Career Colleges Act, 2005 to advise the Superintendent of Private Career Colleges on the administration of the Training Completion Assurance Fund (TCAF), including: financial administration of the fund, including setting premium and levy amounts; retention of experts (e.g. auditors, actuaries); criteria to be used in assessing financial viability of a private career college (PCC); general guidelines for responding to PCC closures; how to respond to specific PCC closures, including the suitability of training completion providers; marketing of TCAF.
The Minister appoints five to nine members to the board and identifies one member as the chair and another member as Vice-Chair. The Superintendent of Private Career Colleges sits on the board as a non voting member and may appoint a delegate to sit as a member of the board in his or her stead. Members appointed include representatives of PCCs, current or former students of PCCs, persons with no affiliation to any PCC's and an actuary.
A Board member is appointed for such term as may be specified in the appointment and is eligible for reappointment.
- The board holds an annual meeting and a minimum of three other quarterly meetings. The board also meets, in person or via teleconference, in order to develop responses to PCC closures as they occur.
Appointees are eligible to receive expenses.
Appointments & Vacancies