Statutes of Newfoundland and Labrador 2012 Chapter 15

Important Information
(Includes details about the availability of printed and electronic versions of the Statutes.)

Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:

SNL2002 cS-29.01
as amended

1. (1) Paragraph 2(b) of the Student Financial Assistance Act is repealed and the following substituted:

(b) "borrower" means a person to whom financial assistance is given under this Act;

(2) Paragraph 2(c) of the Act is repealed.

2. Section 7 of the Act is repealed and the following substituted:

Notice of financial assistance

7. (1) A qualifying student may, in the form required by the minister, apply to the minister for financial assistance.

(2) The minister may issue to a qualifying student who applies under subsection (1) a notice of financial assistance provided that the student complies with and meets the requirements established by the regulations.

(3) A notice of financial assistance shall state the social insurance number of the qualifying student and the maximum amount of financial assistance that may be given to that student.

(4) The maximum amount of financial assistance referred to in subsection (3) shall be set in accordance with the regulations.

3. Subsection 14.15(1) of the Act is repealed and the following substituted:

Financial assistance

14.15 (1) The corporation shall, in accordance with this Act, provide financial assistance to a qualifying student in an amount that shall not exceed the amount approved by the minister.

4. (1) Paragraph 15(1)(b) of the Act is repealed and the following substituted:

(b) respecting the assessment of need for financial assistance under this Act;

(2) Paragraph 15(1)(e) of the Act is repealed and the following substituted:

(e) respecting qualifying students, full time students, assessments of need and requirements for receiving financial assistance;

5. Section 18 of the Act is repealed and the following substituted:

Offence and penalty

18. (1) A person who, either orally or in writing, makes a false statement or misrepresentation or gives false or misleading information for the purpose of obtaining financial assistance under this Act or assisting another person in obtaining financial assistance under this Act commits an offence.

(2) A person who contravenes this Act commits an offence.

(3) A person who commits an offence under this Act is liable on summary conviction to a fine of not less than $500 and not more than $5,000, and for a subsequent offence to a fine of not less than $1,000 and not more than $10,000.

(4) A person who is convicted of an offence under this Act shall not apply for and is not eligible to receive financial assistance under this Act.

(5) Notwithstanding subsection (4), and not less than 3 years after a person has been convicted of an offence under this Act, the minister may, where he or she considers it appropriate, determine that the person may apply for and be granted financial assistance.

Commencement

6. This Act comes into force on August 1, 2012.