Commonwealth Consolidated Acts

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VET STUDENT LOANS ACT 2016 - SECT 66D

Approved course providers must give notice of default to affected students

Application of section

  (1)   This section applies if an approved course provider defaults in relation to a student.

Notifying students of default

  (2)   The approved course provider must, within 24 hours of the default occurring, give written notice of the default to the students in relation to whom the provider has defaulted.

Notice requirements

  (3)   A notice given under subsection   (2) must comply with any requirements prescribed by the rules for the purposes of this subsection.

Civil penalty

  (4)   An approved course provider contravenes this subsection if the provider fails to comply with this section.

Civil penalty:   60 penalty units.

Offence

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

Penalty:   60 penalty units.



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