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TBC makes your RTO application easy

19/9/2013

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Training Business Consultants has developed easy to use application and self-assessment forms so you can start your RTO. 

We have also developed this forms in friendly tablet and mobile format to further simplify the process.

Contact Tim on 0428 113 138 to find out more.
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Changes to Standards for RTOs

15/9/2013

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Section 4 of the Data Provision Requirements and Condition 6 of the AQTF Essential Conditions and Standards for Continuing Registration will require, from 1 January 2014, that the RTO:
  • obtain full AVETMISS data according to the requirements, and subject to any applicable exemption, provided under the National VET Provider collection Data Requirements Policy;
  • submit data compliant with AVETMISS according to the requirements, and subject to any applicable exemption, provided under the National VET Provider collection Data Requirements Policy; and
  • comply with any other data provision requirements set out in the National VET Provider Collection Data Requirements Policy.
Condition 6 of the AQTF Essential Conditions and Standards for Initial Registration will require, from 1 January 2014, that the applicant demonstrate the capacity to obtain and submit AVETMISS compliant data according to the requirements set out in the National VET Provider Collection Data Requirements Policy.
All RTOs, and applicants who wish to become an RTO, are required to meet the same set of national standards for regulation. Depending on their regulator, these standards will either be the AQTF Essential Conditions and Standards for Initial / Continuing Registration or the VET Quality Framework. Whilst they are structured differently, there is no substantial difference in effect or intent between the AQTF and the VET Quality Framework.

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VET Quality Framework

8/7/2013

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The VET Quality Framework is a set of standards and conditions that ASQA uses to assess whether an RTO meets the requirements for registration.

The VET Quality Framework comprises:

  • the Standards for NVR Registered Training Organisations 2012 
  • the Australian Qualifications Framework 
  • the Fit and Proper Person Requirements 
  • the Financial Viability Risk Assessment Requirements 
  • the Data Provision Requirements.
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Standards for NVR Registered Training Organisations 2012

8/7/2013

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Your new RTO will be audited against Part 2 Essential standards for initial registration, which includes:


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Australian Qualifications Framework

8/7/2013

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Applicants and RTOs must comply with the Australian Qualifications Framework (AQF). The AQF is the quality assured national framework of qualifications in the school, vocational education and training, and higher education sectors in Australia.

Training Business Consultants can provide you with the compliant materials you need to comply with the AQF.


Visit AQF http://www.aqf.edu.au 
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Who can be a fit and proper person?

8/7/2013

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A fit and proper person is considered to be any of the following:

  1. an executive officer of the person referred to in FPPR 4;
  2. a high managerial agent of the person referred to in FPPR 4; or
  3. any person or entity which exercises a degree of control or influence over the management or direction of the registered training organisation.

The following is taken into consideration for all fit and proper persons:


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Fit and Proper Person Requirements

8/7/2013

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The Fit and Proper Person Requirements are designed to ensure that key registered training organisation (RTO) personnel have the characteristics and principles necessary to ensure the delivery of high-quality services and outcomes for VET graduates.

These requirements are set to protect and inspire confidence in the VET system, and to safeguard Australia’s reputation as a premier provider of VET (both locally and internationally).

The new Fit and Proper Person Requirements apply tests to determine standards of behaviour by individuals who are in a position to influence an RTO's management.

However, the Fit and Proper Person Requirements also now provide clarity on which persons should be subject to these tests. The requirements have been strengthened to allow other relevant matters to be factored into these decisions.

A fit and proper person is considered to be any of the following:

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Specific measures used by ASQA to assess financial viability 

8/7/2013

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  • Net Tangible Assets (total assets, less intangible assets, less total liabilities): are required to be greater or equal to 2 per cent of the forecast revenue (or revenue for the current year if forecast revenue is not available).
  • Working Capital Ratio (current assets less current liabilities): are required to be greater or equal to 2.5 per cent of forecast revenue for the next year (or revenue for the current year, if forecast revenue is not available).
  • Current Ratio (current assets divided by current liabilities): are required to be greater than or equal to 1.0.
  • Debt Ratio (total liabilities divided by total assets): a debt ratio of less or equal to 1.0 is desirable.
  • Profitability (net profit after tax): positive outcomes are well regarded; however, losses will not necessarily disqualify applicants, unless net tangible assets are insufficient to support ongoing operations.
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Financial Viability Risk Assessment Requirements

8/7/2013

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The Financial Viability Risk Assessment Requirements 2011 aim to ensure that an applicant or RTO has the necessary financial resources to operate as an ongoing concern and deliver quality training and/or assessment services throughout the registration period.

The new Financial Viability Risk Assessment Requirements provide clearer guidance to relevant applicants and RTOs on the common indicators for financial risk assessment, and on the information that may be included in assessment of financial viability.

The Fact sheet—financial viability explains the criteria ASQA uses to assess an organisation's financial viability. 

Assessments are generally required when an organisation seeks initial registration with ASQA and at such other times as ASQA deems necessary (for example, following a complaint or prior to ASQA agreeing to renew registration).

ASQA considers common indicators of financial performance and position to determine:

  • an organisation’s likely business continuity, and 
  • its financial capacity to deliver quality outcomes. 

Specific measures used by ASQA to assess financial viability: 

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Data Provision Requirements

8/7/2013

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The Data Provision Requirements outline the requirements for applicants and registered training organisations (RTOs) to capture and provide data to ASQA.

The data required relates to registration and performance information, including quality indicator data and information derived from the Australian Vocational Education and Training Management of Information Statistical Standard (AVETMISS).

The AVETMISS national data standard is the standard for VET providers operating in Australia that ensures consistent and accurate capture of VET information about students, their courses, units of activity and the qualifications reported. AVETMISS is the mechanism for national reporting in the VET system.

The Data Provision Requirements require relevant applicants and RTOs to show that they have adequate systems to capture and report on this data against the agreed quality indicators.

The types of data that ASQA may request include:

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"I started my own training business using the simple resources, systems, and tools Tim provided me with. My business made $75,000 in the first month and has been on the incline ever since. The advice and support Tim has provided my business has been invaluable".
Australian College of Weight Loss Consultants
"Our RTO was set up by Tim in as little as 2 weeks. We passed our initial audit first time and have also passed our compliance audit. We have also added further courses to our scope using Tim's expertise".
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"Tim was crucial in taking our business online. During an internal audit, we discovered some short comings and Tim helped us become compliant by updating our procedures and improving our systems so we could pass our audit".
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