66HObligations where there is no replacement course

66H Obligations where there is no replacement course

(1) This section applies if: (a) an approved course provider defaults in relation to a student; and (b) the VSL Tuition Protection Director decides, under paragraph 66E(1)(b), that the Director is not satisfied that there is a suitable replacement course for the student. (2) The VSL Tuition Protection Director must give a written notice to the Secretary of that fact. (3) The VSL Tuition Protection Director must give a written notice to the provider: (a) stating that an amount in relation to the loan amount that has been used to pay tuition fees for the student for the affected part: (i) will be re‑credited to the student’s HELP balance; and (ii) will be required to be paid by the provider to the Commonwealth; and (b) inviting the provider to make written submissions to the Director about the amount of the re‑credit within 28 days.

Note: The amount is re‑credited by the Secretary under section 72A. The Secretary must consider submissions before re‑crediting a student’s HELP balance.