New Government rules effective from 1st April, 2015 will see a crackdown on dodgy training providers who have been providing 'incentives' such as cash and iPads in order to entice students to enrol with their organisation.
Under the tough new guidelines, a number of current practices will be banned, including the offering of inducements to sign up and study with a particular organisation. Fines will be imposed for unscrupulous practices and providers face deregistration if they sign up people with the knowledge that the people will not be able to complete the course or get a job at the completion of the course.
Any student debts that have been accrued will need to be paid back by the brokers themselves if the strict new guidelines are breached. It is hoped that the new measures will save around $16 billion in VET FEE-HELP loans over the next 10 years.
The Department of Education and Training has received 69 complaints with regard to unscrupulous providers in recent times.
Source : Gold Coast Bulletin, 12 March 2015