Do applicants applying for initial RTO registration need to meet financial viability requirements?

Yes, every initial registration process includes an assessment of financial viability. All applicants for initial registration need to complete and submit a Financial viability risk assessment tool.

Financial Viability Risk Assessment Requirements means the requirements made under section 158 of the National Vocational Education and Training Regulator Act 2011.

An RTO is required to present an acceptable level of financial risk at all times. ASQA can require an RTO to submit to a financial viability risk assessment at any time. Each RTO’s financial viability risk is assessed by ASQA to evaluate the likelihood of business continuity and the RTO’s capacity to achieve quality outcomes.