CHAPTER 4 VET QUALITY AND ACCOUNTABILITY

4.1 PURPOSE

4.1.1 This chapter specifies the requirements relating to:

a) VET quality and accountability under subclause 13(f) of Schedule 1A to the Act; and

b) VET quality requirements under subclause 17(2) of Schedule 1A to the Act.

4.2 REQUIREMENTS FOR VET QUALITY AND ACCOUNTABILITY – VET FINANCIAL VIABILITY

4.2.1 In order for a body specified under chapter 2 of these Guidelines to satisfy the VET quality and accountability requirements, the body must have in place a financial guarantee provided by the State or Territory government of the jurisdiction in which the body has been established.

4.2.2 For a body corporate to be approved and for a VET provider to continue to meet and comply with the VET quality and accountability requirements, the body corporate or VET provider must comply with the requirements of the Department’s Financial Viability Instructions as published on [www.innovation.gov.au](http://www.innovation.gov.au).

4.3 REQUIREMENTS FOR VET QUALITY

4.3.1 For a body corporate to be approved it must be willing and able to meet and comply with, and a VET provider must continue to meet and comply with, the requirements for VET quality, specifically:

a) the standards for the National VET Regulator for registered training organisations; and

b) the Australian Qualification Framework for jurisdictions that are referring States under the NVR Act; and

c) for jurisdictions that are non referring States under the NVR Act the Australian Quality Training Framework.