Standards for VET Regulators 2015
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The Standards require a risk-based approach to the regulation of RTOs that is informed by assessments of RTO compliance with the Standards for RTOs on an ongoing basis. This risk management approach enables VET Regulators to more actively and regularly apply strategies to reduce the regulatory burden for high-performing RTOs with a history of strong compliance and to increase regulatory action for those RTOs considered as higher risk. This is achieved through regulatory strategies that can include:
- an active and dynamic risk assessment process that is based on compliance history, performance data, outcomes of complaints against RTOs, and industry and learner intelligence;
- varying the type and regularity of audits, based on risk assessments;
- recognising and not duplicating the decisions of other relevant regulators; and
- delegating regulatory powers to low-risk RTOs, such as the ability to amend their scope of registration.
Regulation must be sufficient to assure the quality outcomes of the Standards for RTOs and the Standards for VET Accredited Courses, with VET Regulators using the strength of their regulatory tools to deter non-compliance. The regulatory approach should engender self-evaluation and improvement within RTOs in a way that makes regulation valued for what it contributes to RTOs, industry stakeholders and learners.