VET Student Loans Act 2016

PART 5 - OTHER REQUIREMENTS FOR APPROVED COURSE PROVIDERS  

Division 2 - Information  

SECTION 51   RETAINING INFORMATION AND DOCUMENTS  

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.

51(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.

51(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.

51(4)    
An approved course provider commits an offence of strict liability if the provider contravenes this section.

Penalty: 60 penalty units.