law://au/li/2026/f2026l00943@2026-11-13| Commencement information | ||
|---|---|---|
| Column 1 | Column 2 | Column 3 |
| Provisions | Commencement | Date/Details |
| 1. Parts 1 to 3 | 31 July 2026 | |
| 2. Schedule 1 | 1 August 2026 |
| Note: | A leviable provider’s registration may be renewed for a period less than the maximum period allowed for reasons that are not due to risk management. For example, where an entity changes its name and so must be re-registered and the existing registration end date is retained. |
| Financial Strength | ||
|---|---|---|
| Column 1 | Column 2 | Column 3 |
| Item | If the financial strength score of the provider, as determined under subsections (2) and (3) is… | then, the risk factor value is… |
| 1 | 9 | 0.0 |
| 2 | 6 or 7.5 | 1.0 |
| 3 | 3 or 4.5 | 2.0 |
| Ratio | Formula | Low | Medium | High |
| Return on assets | less than or equal to 0.0 | greater than 0.0 but less than or equal to 0.1 | greater than 0.1 | |
| Debt to equity | greater than or equal to 2.5;orif the total equity is less than or equal to 0.0 | less than 2.5 but greater than or equal to 1.5 | less than 1.5 but greater than or equal to 0.0 | |
| Score | 1.5 | 3.0 | 4.5 |
| Completion Rate | ||
|---|---|---|
| Column 1 | Column 2 | Column 3 |
| Item | If a leviable provider’s completion rate percentage, as determined under subsection (2) is… | then, the risk factor value is… |
| 1 | 85% or more | 0.0 |
| 2 | 60% or more but less than 85% | 1.0 |
| 3 | 35% or more but less than 60% | 2.5 |
| 4 | 0% or more but less than 35% | 3.5 |
| Non-compliance history and registration renewal | ||
|---|---|---|
| Column 1 | Column 2 | Column 3 |
| Item | If a leviable provider… | then, the risk factor value is… |
| 1 | has a weighted late payment measure of 30 days or more, as worked out under subsection (3) | 2.0 |
| 2 | has a weighted late payment measure of 15 days or more but less than 30 days, as worked out under subsection (3) | 0.9 |
| 3 | has a weighted late payment measure of 1 day or more but less than 15 days, as worked out under subsection (3) | 0.7 |
| 4 | has a weighted late payment measure of less than 1 day, as worked out in accordance with subsection (3) | 0.0 |
| 5 | applied under section 16 of the National Vocational Education and Training Regulator Act 2011 to renew the leviable provider’s registration and, for risk management purposes, the period of registration set out in the most recent notice given to that provider under section 18 of that Act is less than the maximum period specified in subsection 17(5); or applied under section 4.3.15 of the Education Training and Reform Act 2006 (Vic) to renew the leviable provider’s registration and, for risk management purposes, the most recent period of registration granted by the Authority under that Act in respect of that provider is less than the maximum term specified in section 4.3.18 of that Act; or applied under regulation 16 of the Vocational Education and Training (General) Regulations 2009 (WA) to renew the leviable provider’s registration and, for risk management purposes, the period of registration set out in the most recent registration document given under regulation 12(7) of those Regulations is less than the maximum period specified in regulation 14. | 1.0 |
| 6 | applied under section 16 of the National Vocational Education and Training Regulator Act 2011 to renew the leviable provider’s registration and the period for which the registration was renewed is the maximum period as specified in subsection 17(5); or applied under section 4.3.15 of the Education Training and Reform Act 2006 (Vic) to renew the leviable provider’s registration and the period for which the registration was renewed is the maximum period as specified in section 4.3.18 of that Act; or applied under regulation 16 of the Vocational Education and Training (General) Regulations 2009 (WA) to renew the leviable provider’s registration and the period for which the registration was renewed is the maximum period as specified in regulation 14. | 0.0 |
Sourced from the Federal Register of Legislation at legislation.gov.au, © Commonwealth of Australia, licensed under CC BY 4.0. Compilations may have been reformatted.