(1)  On receipt of an application under section 55ZZL , the Board may –

(a) recognise the qualification conferred or issued, or to be conferred or issued, by the applicant; or

(b) refuse to so recognise that qualification.

(2)  In determining whether or not to recognise the qualification, the Board may have regard to –

(a) the aims and learning outcomes of the formal education; and

(b) the processes provided, or proposed to be provided, by the applicant in respect of quality assurance; and

(c) the delivery and assessment methods used, or proposed to be used, in respect of the formal education provided, or to be provided; and

(d) any other matter the Board considers relevant.

(3)  The Board is to notify the applicant, in writing, of its decision under this section.