(1) For subsection 140G(3) of the Act, the terms of approval as a professional development sponsor are prescribed in this regulation.
(2) An approval as a professional development sponsor has effect only in relation to:
(a) the professional development program specified in the application for approval, as varied from time to time by agreement between the professional development sponsor and the Secretary; and
(b) the professional development agreement or agreements specified in the application for approval; and
(c) the overseas employer or employers specified in the application for approval.
(3) An approval as a professional development sponsor ceases on the earlier of:
(a) 3 years after the day on which the approval is granted; and
(b) the day on which the professional development agreement specified in the application for approval ends.