ACPET

Representing quality private education
providers in Australia

ASQA update on fee protection options

Monday, April 28 2014

ASQA has published a news update clarifying options for RTOs seeking to protect student fees paid in advance.

Under the Standards for NVR Registered Training Organisations 2012, training providers—both existing and those applying for registration with ASQA―are required to comply with at least one of the five fee protection options if they intend to collect student fees in advance.

The update provides details for RTOs who are using - or planning to use - Option 4 (an unconditional bank guarantee) to comply with SNR 22.3.

A reminder to ACPET members that our ASTAS is approved by ASQA as an alternative fee protection measure of equal rigour for RTOs accepting fees in advance. Contact your local ACPET office for application details. 

Visit the ASQA website to read the update.

 


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