VET Student Loans Act 2016
An executive officer of an approved course provider commits an offence if:
(a) the provider commits an offence against this Act; and
(b) the officer knew that the offence would be committed; and
(c) the officer was in a position to influence the conduct of the provider in relation to the commission of the offence; and
(d) the officer failed to take all reasonable steps to prevent the commission of the offence.
65(2)
The maximum penalty for an offence against subsection (1) is one-fifth of the maximum penalty that could be imposed for the offence committed by the provider.
65(3)
An executive officer of an approved course provider contravenes this subsection if:
(a) the provider contravenes a civil penalty provision of this Act; and
(b) the officer knew that the contravention would occur; and
(c) the officer was in a position to influence the conduct of the provider in relation to the contravention; and
(d) the officer failed to take all reasonable steps to prevent the contravention.
65(4)
The maximum civil penalty for a contravention of subsection (3) is one-fifth of the maximum penalty that could be imposed for the contravention of the civil penalty provision by the provider.
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