Privacy Notice causes student angst

Some RTOs that have provided students with the new Privacy Notice have shared reactions to the document.

I’m not signing this. I don’t understand anything it says, really.
Why does the government want to know everything about me just because I’m doing this course?
I don’t get this. What am I saying is ‘true and correct’? 
What are the legal consequences if it turns out that something I said isn’t ‘true and correct’?
Does this say anything I write down can be sent to the government?
Am I still allowed to do the course if I don’t sign this?
My employer doesn’t know I’m doing this course. Will you tell them?
What’s my training activity data? Is it all the assessments that I do?
Is NCVER going to give my personal information to an overseas call centre?