VET Student Loans Act 2016

PART 5A - TUITION PROTECTION  

Division 2 - Obligations when a provider defaults in relation to a student  

SECTION 66D   APPROVED COURSE PROVIDERS MUST GIVE NOTICE OF DEFAULT TO AFFECTED STUDENTS  
Application of section

66D(1)    
This section applies if an approved course provider defaults in relation to a student.

Notifying students of default

66D(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

66D(3)    
A notice given under subsection (2) must comply with any requirements prescribed by the rules for the purposes of this subsection.

Civil penalty

66D(4)    
An approved course provider contravenes this subsection if the provider fails to comply with this section.

Civil penalty: 60 penalty units.



Offence

66D(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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