Change of Ownership Support
ASQA has mandated strict regulations regarding changes in ownership of RTOs and VET providers. These events can trigger an audit and additional scrutiny, and our RTO consultants can help you navigate the change.
RTOs and CRICOS providers are not permitted to transfer their registration from one legal entity to another. However, where shares within an RTO are transferred, the provider may continue as long as they notify ASQA of the change of ownership.
If your provider is a VET-only training provider, you may notify ASQA of the change after it occurs. Notification is your responsibility as the new owner, not the responsibility of the person selling their shares.
If your training provider is CRICOS registered, you will need to inform ASQA of the change in shareholdings before it occurs. You must also make sure the current owner has also notified ASQA of the impending change of ownership.
Anyone involved in this change of ownership process must meet certain obligations. RTO Works can provide advice, support and guidance during this process in relation to the Notification of material change as required by ASQA.
We can also assist you with the mandatory evidentiary requirements, including the Fit and Proper Person requirements, Financial Viability Risk Assessment (FVRA) requirements and support with the Self-Assessment Tool.
Rectification Support
Things don’t always go as planned. For instance, your RTO may have been through a regulatory audit and been found to be non-compliant with the regulatory framework.
We understand that this is a very stressful time for RTO owners, managers and their staff, and we provide timely support when it’s needed most.
If your RTO has been found non-compliant, reach out to us as soon as possible. Our experienced consultants have supported clients through audit rectifications relating to:
- Performance assessment audits
- Agreement to rectify processes
- Internal review processes
- Administrative Appeals Tribunal (AAT) proceedings
- And more
Where required, we can also provide referrals to our legal partners, so you can get the right experts to support you through this stressful period.
Ongoing Compliance Support
Compliance is a continuous concern for RTOs and VET providers. Prevention is the best policy, which is why RTO Works offers ongoing compliance support.
We offer retainer services and provide support in the form of blocks of consulting hours. Our consulting blocks are extremely popular, and they can be scheduled as-needed or as part of project-based work. We can tailor a consulting block to suit your RTO and needs, so you can ask questions, seek advice and receive feedback about any compliance concerns.
If you’re looking for ongoing compliance support, or if you want us to tailor a package that fits your RTO, get in touch to discuss your needs.
