(1) A registered higher education provider must notify TEQSA if any of the following events happens or is likely to happen:
(a) an event that will significantly affect the provider's ability to meet the Threshold Standards;
(b) an event that will require the Register to be updated in respect of the provider.
(2) The notification must be given no later than 14 days after the day the provider would reasonably be expected to have become aware of the event.