February 2019
1. All applications for assistance under the New
South Wales Chiropractic Student Trust Fund must be made in
writing on the current application form and addressed to:
The Trustees at the address of the Secretary.
2. Each applicant must be supported by two
references attesting to the good character of the applicant
by persons who have known him or her for a minimum period of
three years. One referee should be a chiropractor currently
practicing in NSW.
3. No loan or benefit shall be granted to any
applicant until the applicant has obtained two persons
approved by the trustees to guarantee the due payment of the
said loan or benefit by the applicant in accordance with the
regulations prescribing the manner of payment thereof.
4. No loan, benefit or grant shall be made until
the applicant provides evidence of acceptance by the
educational body concerned.
5. The trustees may approve loans or grants to be
used for any purposes such as tuition fees, books and
materials, travel expenses, postgraduate tuition, living
expenses, research projects or any other purpose provided it
will promote and encourage education in the science, art and
philosophy of chiropractic in NSW.
6. If the grant loan or benefit is to be for the
purpose of research the applicant must detail the aims and
method of achieving the outcomes of his or her programme or
project which must be acceptable to the trustees.
7. Where an application is made for a research grant
the trustees may of their sole discretion grant a
non-repayable benefit of no more than 20% of the available
funds of that time. This is provided that in the opinion of
the trustees the proposed research project is consistent
with the intent and purpose of the trust deed.
8. The trustees have complete discretion as to
whether they approve or disapprove of any application but
the decisions of the trustees must be unanimous.
9. The trustees must give their decision in respect
of all applications within a period of two months from the
date of receipt of the application.
10. The trustees must notify the applicant
of their decision but need not state their reasons thereof.
11. The trustees may make available to any applicant
any amount of finance not exceeding the amount applied for,
which in their discretion they think fit.
12. All loans must be repaid to the trustees in the
manner following:
a). The entire loan must be repaid within a period of
two years from the date of completion of the course of study
in which he/she is currently enrolled or is intending to be
enrolled but may be repaid by the applicant in full at any
time before the due date.
b). Subject to subsection a) hereof: the applicant
will repay, at the expiration of six months from graduation
or completion of the course of study in which he/she is
currently enrolled or is intending to be enrolled, whichever
is the sooner, one fourth of the amount of the loan; and
c). Repay the remaining three quarters in equal
instalments quarterly, bi-annually or as determined by the
trustees and duly stated in the loan agreement.
13. The trustees have discretion to extend the period
of the loan should mitigating circumstances arise.
14. The schedule of interest repayments is as
follows:
Loans attract interest from the date of the
completion of the course
The interest rate will be that of the Westpac
"Fixed Rate Secured Personal Loan" current at the
time of signing the agreement and will be
calculated quarterly.
Overdue payments will attract twice the
normal rate of interest.
15. If the applicant fails to complete the said
course of study for any reason whatsoever the full amount of
the loan shall be forthwith due and payable by the applicant
within six months.
16. If the applicant at any time is not pursuing the
course of study to the satisfaction of the trustees they may
at any time, in their absolute discretion, discontinue any
assistance in whole or in part, which they may have
previously approved.
17. The applicant
must hold student membership of the Australian Chiropractors
Association whilst completing his/her course and must apply
for full membership of the Australian Chiropractors
Association on graduation/completion of course. If the
recipient becomes unfinancial with the Australian
Chiropractors Association the loan/grant becomes payable
immediately y .
18. No undergraduate application shall be approved if
the applicant has received assistance from any chiropractic
association or the NSWCSTF. (Successful applicants shall not
apply for additional assistance from chiropractic
association or fund other than the above.)
19. If any applicant fails to comply with the
regulations hereof and a loan has been granted to such
applicant and the said loan or part thereof has been paid by
the trustees pursuant to the applicant's applications for
the said loan then in such events the amount so paid by the
Trustees shall become due and payable forthwith.
20. The trustees may in their sole discretion, seek
reports from the students and/or the institution attended.
21. Preference will be given to students in the final
year of the course.
22. Applications that are likely to encourage
diversity amongst the chiropractic profession may be given
special consideration.
23. The Applicant must on completion of his or her
course of study practice as a chiropractor in the state of
NSW until such time as the entire loan is repaid.
