Document ID: chunk:federal_register_of_legislation:C2025C00046:section:62e
Version: federal_register_of_legislation:C2025C00046
Segment Type: section
Provision Reference: s 62E
Character Range: 98725–99598

62E  Providers must give notice of default to affected students

Application of section
 (1) This section applies if a registered higher education provider defaults in relation to a domestic student.

Notifying students of default
 (2) The provider must, within 24 hours of the default occurring, give written notice of the default to the domestic student in relation to whom the provider has defaulted.

Notice requirements
 (3) A notice given under subsection (2) must comply with any requirements prescribed by the Up‑front Payments Guidelines.

Civil penalty
 (4) A registered higher education provider is liable to a civil penalty if the provider contravenes this section.
Civil penalty: 60 penalty units.

Offence
 (5) A registered higher education provider commits an offence of strict liability if the provider contravenes this section.
Penalty: 60 penalty units.