How will ASQA determine alternative fee protection mechanisms? How should a provider apply for such consideration?
- Posted By Super User
- Quality and Compliance
As of 1 July 2011, RTOs must comply with the requirement for the protection of student fees as set out in the Standards for NVR Registered Training Organisations.
The section of the Standards for NVR Registered Training Organisations relating to 'Financial management for initial registration' sets out the following options:
11.3 Where the applicant intends collecting student fees in advance it must ensure it will comply with one of the following acceptable options for continuing registration:
