Summary

Part of a package of three bills to replace the VET FEE-HELP loan scheme with a student loans program, the bill: provides that student loans are approved only for eligible students for approved courses; limits course eligibility for loans through a courses and loan caps determination; imposes stronger eligibility requirements for qualification as an approved course provider; bans providers from using brokers or agents to interact or engage with students in relation to the loans; and provides for monitoring and investigations powers and enforcement powers such as civil penalties, infringement notices, enforceable undertakings and injunctions.