Financial Viability Risk Assessment

The Financial Viability Risk Assessment Requirements aims to ensure that an applicant RTO is financially sound and has the resources to operate as an ongoing concern, delivering quality training and assessment services throughout the registered period.

The financial information is required when an organisation wants to lodge an initial RTO registration with ASQA or as ASQA deems necessary (for example, prior to ASQA agreeing to renew an RTO’s registration or following a formal complaint).

you will need to engage a qualified Accountant (Chartered Accountant (CA) or Certified Practising Accountant (CPA)) to ensure the financial data and the business plan meet the ASQA financial viability requirements.

You need to ensure that you are aware of the standards and regulations governing financial viability in the VET sector. You also need to ensure that you provide all the details required in the Financial Viability Risk Assessment Pack.

Our experienced consultants help in ensuring you provide the appropriate financial data and prepare your financial viability form quickly and efficiently.

What we will provide/do for you:

• ⮚ Help you establish an accounting system
• ⮚ Help you develop a current business plan
• ⮚ Help you develop a comprehensive budgetary process
• ⮚ Help you answer all the required questions in the Financial Viability Risk Assessment Pack
• ⮚ Help you provide all the financial data required
  
  

We will support you throughout your financial viability risk assessment application process to ensure it is completed quickly and efficiently, while maintaining compliance with ASQA’s Standards for RTOs.

Our experienced consultants will do most of the work for you, from start to finish. We will manage the application process, so you can focus on managing your RTO and delivering quality training services to your students.