Are you undertaking the rpocess for initial registration under ASQA?
The financial viability risk assessments are a mandatory requirement for all organisations seeking initial registration with the Australian Skills Quality Authority (ASQA), the national VET regulator.
ASQA may also undertake a financial viability risk assessment at any other time during a provider’s period of registration.
As of 1 October 2013, ASQA requires new applicants for initial registration to demonstrate financial viability by completing and submitting the FVD-0001—Financial viability risk assessment pack.
The pack must be completed by all applicants seeking initial registration with ASQA as either:
- a registered training organisation (RTO)
- a provider registered under the ESOS Act and listed on CRICOS (CRICOS provider).
What is the FVD-0001—Financial viability risk assessment pack?
This pack requires the applicant to provide answers to a series of questions about their organisation’s financial viability, including questions about forecasted financial projections and business ratios.
It also describes the documents and requirements expected of the applicant.
The introduction to the pack includes a step-by-step guide to completing it.
The assistance of a nominated accountant will be required to complete the pack.
More information
Contact the ASQA Info line on 1300 701 801 between Monday and Friday, 9.00 am to 7.00 pm, AEST, or email enquiries@asqa.gov.au.