| AQTF CONDITION 5 - IMPORTANT INFORMATION FOR RTOs |
| Written by Administrator http://www.rtomanagement.com.au/magazine/index.php?option=com_content&task=view&id=105&Itemid=45 | |
| Dec 17, 2010 at 09:26 AM | |
The NQC met on 9 December 2010 to discuss AQTF Condition 5 and the section dealing with options for the protection of student fees paid in advance and agreed to recommend to the Ministerial Council that implementation of this section of Condition 5 be deferred until 1 July 2011. By this date it is anticipated that the NQC will have clear advice and robust options for the protection of student fees, including the criteria for what constitutes an approved tuition assurance scheme. Pending Ministerial Council approval of the 1 July 2011 implementation date, Registering Bodies are requested to not undertake audits in relation to the section of Condition 5 dealing with options for the protection of student fees until advice is received from Ministers. A further update will be provided on the implementation arrangements for AQTF Condition 5 once it becomes available. Background In December 2009, the Council of Australian Governments (COAG) agreed to amendments to the AQTF that strengthen the regulatory requirements underpinning the VET sector. These amendments introduce conditions and standards for initial registration of new providers and strengthen the requirements for ongoing registration, including stronger financial viability and fee protection conditions. The Ministerial Council for Tertiary Education and Employment (MCTEE) endorsed the Standards and Conditions in June 2010, the majority of which were to be implemented from 1 July 2010. Conditions 5 and 6 were not required to be implemented until 3 January 2011. Recently RTOs received advice in regard to Condition 6 and the need for RTOs to have a student records management system in place that has the capacity to provide Registering Bodies with AVETMISS compliant data by 3 January 2011. Advice regarding Condition 5 was considered by the National Quality Council (NQC) at their meeting on 9 December 2010 Source: National Quality Council; 'Special bulletin: AQTF CONDITION 5 ?IMPORTANT INFORMATION FOR RTOs', accessed 17 December 2010, http://www.nqc.tvetaustralia.com.au/__data/assets/pdf_file/0006/54681/NQC_Special_Bulletin_TAS_-_AQTF_Condition_5_-_December_2010.pdf | |
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