Commonwealth Numbered Acts

VET STUDENT LOANS ACT 2016 (NO. 98, 2016) - SECT 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.

             (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.

             (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.

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

Penalty:  60 penalty units.