Review of credit-based funding model 20 2A Review of credit-based funding model (1) The Scottish Ministers must, within 12 months of this section coming into force, undertake a review of the credit-based funding model used by the Council for making payments to— (a) colleges of further education, 25 (b) any other providers of fundable further education. (2) The review undertaken under subsection (1) must consider the provision of fundable further education, including— (a) the availability of courses provided across Scotland, (b) the ability of providers of fundable further education to deliver courses. 30 (3) After completing the review, the Scottish Ministers must publish and lay a report on the review before the Scottish Parliament. (4) The report must set out the action, if any, the Scottish Ministers intend to take as a result of the review. (5) In this section, the following terms have the meaning given by section 35(1) of the 2005 35 Act—“colleges of further education”, “fundable further education”. 4 Tertiary Education and Training (Funding and Governance) (Scotland) Bill Part 1—Functions of the Scottish Further and Higher Education Funding Council Conditions of funding 2B Duty to place conditions on funding: transparency (1) The 2005 Act is modified as follows. (2) In section 9A (higher education institutions: good governance)— 5 (a) the existing text becomes subsection (1), (b) after subsection (1), insert— “(2) For the purposes of subsection (1), principles of governance which constitute good practice in relation to higher education institutions includes, in particular, having regard to the need to operate in a way which is transparent and 10 accountable.”. 1 (3) In section 9B (further education institutions: good governance), after subsection (2), insert— “(3) For the purposes of this section, principles of governance which constitute good practice in relation to colleges of further education, or which are 15 appropriate in relation to a regional strategic body, as the case may be, includes, in particular, having regard to the need to operate in a way which is transparent and accountable.”. 2C Duty to place conditions on funding: conflict of interest (1) The 2005 Act is modified as follows. 20 (2) After section 9E, insert— “9F Conflict of interest: disclosure (1) The Scottish Ministers must, under section 9(2), impose a condition that the Council must, when making a payment to a fundable post-16 education body under section 12(1), require that the fundable post-16 education body has in 25 place a conflict of interest policy that— (a) requires each member of its governing body and each senior officer to declare any registerable interest, (b) requires that a member of its governing body or senior officer withdraws from any meeting or decision-making process where they have a conflict 30 of interest, (c) ensures that the fundable post-16 education body has a register of interests that is— (i) publicly accessible online...