Are TAFEs at risk of collapse, still receiving Training Benchmark A funds?

What will happen to sponsors training funds contributed under Training Benchmark A, should the DIBP approved training institutions close down?
Currently, most of the Training Benchmark A funds from employers seeking sponsorship under the sc457 program find their way to various TAFE institutes largely due DIBPs encouragement.
The legislative instrument however only provides broad directions as follows: “Recent expenditure, by the business, to the equivalent of at least 2% of the payroll of the business, in payments allocated to an industry training fund that operates in the same industry as the business.”
But DIBPS website, PAMs and FAQs generally encourage funds be directed to TAFEs, with PAMs specifically setting as follows:
“To meet the requirements of Training Benchmark A, the applicant can show evidence of having made a contribution to a recognised scholarship fund that is operated by an Australian university or TAFE college that supports education or training for Australian citizens or permanent residents in a course related to the business of the applicant.”
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