National Vocational Education and Training Regulator (Financial Viability Risk Assessment Requirements) Amendment Instrument 2021

ASQA has made a minor amendment to section 12 of the FVRAR Instrument to remove reference to an auditing standard that is no longer current. 

This change does not affect providers, and follows recent news about the legislation announced on 30 July 2021 which addressed the pending expiration of the 2011 FVRAR instrument in October.

We will be consulting the sector over the coming months as part of a review to ensure the instrument is fit for purpose for the evolving VET sector, enabling providers to self-assure the requirements to manage their ongoing financial viability as well as to take account of any changes to accounting and financial standards.

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Keywords
Financial viability; FVRAR Instrument;