VET Student Loans Act 2016

PART 5 - OTHER REQUIREMENTS FOR APPROVED COURSE PROVIDERS  

Division 2 - Information  

SECTION 52   ONGOING INFORMATION REQUIREMENTS  

52(1)    
The rules may set out ongoing information requirements for the purposes of ensuring that:

(a) approved course providers are complying with this Act: and

(b) the Secretary has access to information and documents related to the operation of this Act.

52(2)    
The ongoing information requirements may require an approved course provider to do one or more of the following:

(a) be audited in circumstances set out in the rules, including by a specified person, and provide reports of audits to the Secretary;

(b) provide the Secretary with specified information or documents, including in relation to the following:

(i) the provider ' s financial position;

(ii) courses of study provided by the provider and the delivery of those courses;

(iii) the provider ' s students (including information and documents relating to enrolment, attendance, completion rates, education outcomes and existing and projected enrolment numbers);

(iv) the administration and operation of the business of the provider;

(v) tuition fees charged by the provider;

(vi) the provider ' s plans for improving its business;

(vii) changes in the provider ' s key personnel;

(viii) changes in the provider ' s management or governance arrangements;

(ix) information the provider has collected for the purposes of, or in relation to, applications by students for VET student loans;

(x) tuition protection;

(c) notify the Secretary if the provider is not complying with this Act, or particular provisions of this Act;

(d) provide the information in a particular form, including as a statutory declaration.

52(3)    
Subsection (2) does not limit the ongoing information requirements.

52(4)    
An approved course provider contravenes this subsection if the provider fails to comply with the ongoing information requirements.

Civil penalty: 60 penalty units.

52(5)    
An approved course provider commits an offence of strict liability if the provider fails to comply with the ongoing information requirements.

Penalty: 60 penalty units.