VET Student Loans Act 2016
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.
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