Commonwealth Consolidated Acts

VET STUDENT LOANS ACT 2016 - SECT 51

  (1)   An approved course provider must retain documents and information:

  (a)   related to the operation of this Act; and

  (b)   specified by the rules.

  (2)   The documents and information must be retained for:

  (a)   the period specified in the rules; or

  (b)   if no period is specified--7 years.

  (3)   An approved course provider contravenes this subsection if the provider fails to retain documents and information in accordance with this section.

Civil penalty:   60 penalty units.

  (4)   An approved course provider commits an offence of strict liability if the provider contravenes this section.

Penalty:   60 penalty units.