The Financial Viability Assessment Auditor Guidelines are now finalised.
The financial viability assessment process
To assist the Minister or the Minister’s delegate in making this decision as part of the VET provider approval process, each Registered Training Organisation (RTO) that applies to become a VET provider must submit to DEEWR (on a commercial-in-confidence basis), information about its financial position along with an opinion from an independent auditor as to the RTO’s financial viability risk. It is expected that the Minister or Minister’s delegate will regard only RTOs that are considered to present no more than a low or negligible risk of becoming financially unviable will have met the financial viability requirements for approval as VET providers.