Commonwealth Consolidated Acts

VET STUDENT LOANS ACT 2016 - SECT 66H

  (1)   This section applies if:

  (a)   an approved course provider defaults in relation to a student; and

  (b)   the VSL Tuition Protection Director decides, under paragraph   66E(1)(b), that the Director is not satisfied that there is a suitable replacement course for the student.

  (2)   The VSL Tuition Protection Director must give a written notice to the Secretary of that fact.

  (3)   The VSL Tuition Protection Director must give a written notice to the provider:

  (a)   stating that an amount equal to the loan amount that has been used to pay tuition fees for the student for the affected part:

  (i)   will be re - credited to the student's HELP balance; and

  (ii)   will be required to be paid by the provider to the Commonwealth; and

  (b)   inviting the provider to make written submissions to the Director about the amount of the re - credit within 28 days.

Note:   The amount is re - credited by the Secretary under section   72A. The Secretary must consider submissions before re - crediting a student's HELP balance.