(e) The school's facilities, including any The school's facilities must: Included in the business plan are: plans for their maintenance, renovation and (i) be appropriate and adequate for Map of the proposed facilities. expansion and related construction the purposes of its educational Maintenance schedule for buildings, schedules. programs and year levels, and facilities and grounds. 5 number, of its students; and Plans and schedules for any proposed (ii) comply with any relevant construction or renovation requirements of the laws of the Any proposed or finalised lease or Territory. purchase agreements relating to the proposed school’s buildings, facilities. (f) The insurance coverage for the school's The school must be adequately Included in the business plan are statements facilities and for any liabilities that that may insured for its facilities and for any of intent regarding the insurance cover that arise from the conduct of its activities. liabilities that may arise from the will be obtained on successful registration, for 6 conduct of its activities. example, public liability, professional indemnity, building and contents, all risks. Matters to be Addressed in the Application Registration Requirements Suggested Evidence Resources s 130 from the Act s 125 (g) The school's financial and other The school must have adequate See point 8. For Australian Government Department of Education funding: resources for its operation, the extent to financial and other resources for its 7 which government financial assistance and operation. other support will be sought, and whether or not the school will be operated for profit. (h) The school's business plans and budgets The school must have a business Included in the business plan is a section on for the first 5 years of its operation plan and a budget that makes finances that notes: (including projections of its capital and appropriate provision for each year key objectives recurrent expenditure and sources of its of its operation. assumptions income for each of the 5 years). estimates of operating and capital costs proposed financing arrangements, including any government financial assistance that will be sought 8 proposed fee structure including any provision for full fee-paying students and/or international students salary scale applied to payment of staff costs balance sheet forecast, profit and loss forecast, expected cash flow for 5 years break even analysis. projected financial viability
5 (e) The school's facilities, including any plans for their maintenance, renovation and expansion and related construction schedules. The school's facilities must: (i) be appropriate and adequate for the purposes of its educational programs and year levels, and number, of its students; and (ii) comply with any relevant requirements of the laws of the Territory. Included in the business plan are: Map of the proposed facilities. Maintenance schedule for buildings, facilities and grounds. Plans and schedules for any proposed construction or renovation Any proposed or finalised lease or purchase agreements relating to the proposed school’s buildings, facilities. 6 (f) The insurance coverage for the school's facilities and for any liabilities that that may arise from the conduct of its activities. The school must be adequately insured for its facilities and for any liabilities that may arise from the conduct of its activities. Included in the business plan are statements of intent regarding the insurance cover that will be obtained on successful registration, for example, public liability, professional indemnity, building and contents, all risks. Matters to be Addressed in the Application s 130 Registration Requirements from the Act s 125 Suggested Evidence Resources 7 (g) The school's financial and other resources for its operation, the extent to which government financial assistance and other support will be sought, and whether or not the school will be operated for profit. The school must have adequate financial and other resources for its operation. See point 8. For Australian Government Department of Education funding: 8 (h) The school's business plans and budgets for the first 5 years of its operation (including projections of its capital and recurrent expenditure and sources of its income for each of the 5 years). The school must have a business plan and a budget that makes appropriate provision for each year of its operation. Included in the business plan is a section on finances that notes: key objectives assumptions estimates of operating and capital costs proposed financing arrangements, including any government financial assistance that will be sought proposed fee structure including any provision for full fee-paying students and/or international students salary scale applied to payment of staff costs balance sheet forecast, profit and loss forecast, expected cash flow for 5 years break even analysis. projected financial viability