For RTO Registration,Your training organisation must meet the “RTO Registration requirements” as stated by ASQA. The sequence of steps required for “RTO Registration” need to be managed carefully.
Fit and Proper Person Requirement
Schedule 5th of “Standard for Registered Training Organisation 2015” clearly explain the requirements for qualifying as “Fit and Proper Person Requirement”. It mainly emphasis on stated areas consisting of history of criminal record of the person applying for RTO registration, Have hold managerial position of a suspended RTO , Bankrupt, Disqualify to manage a corporate, Has given misleading information to ASQA while managing an RTO.
Financial Viability and Risk Assessment Requirements
The financial viability and risk assessment must be submitted by auditors approved by National Vet Regulator. The financial viability is normally assessed by evaluating indicators of financial performance and financial position. It normally cover the areas of liquidity,solvency, economic dependency, revenue and cash flows, commercial risk, audit opinion, areas of compliance.
The Australian Vocational Education and Training Management Information Statistical Standard (AVETMISS) is a national standard developed for VET institutes ensuring that their is a correct and systematic recording and maintenance of data about students, their courses, units of activity, and qualifications completed. It entail the methods for national reporting of the VET system.
The students should be very clear out the pathways and credit available from current and propose future qualification. The RTO are responsible for accreditation of qualification and pathways. They should maintain and provide information about credit transfer and any articulation of arrangement undertaken.
