Sept 24 (Reuters) - Vocation Ltd VET.AX :
* Update on regulatory matters VET.AX
* Updates in relation to its dealings with the Australian Skills Quality Authority (ASQA) and the victorian Government Department Of Education & Training
* Says announces that yesterday it concluded a settlement agreement with department that will give effect to that process
* Says Vocation will repay an amount of $7.258 million (excluding GST) to the department of education & training over the next 18 months
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