compliance regime and report to the Develop a consistent risk framework in Completed VRQA. This will allow the VRQA to schools, VET and OSSEO units to inform increase the focus of regulatory activity the earned autonomy model. on higher risk providers. Consult with education and training Completed providers and stakeholders on the risk framework to inform the earned autonomy Assess the legal and budgetary Underway implications of options for earned autonomy for the VRQA operations. Submit to the April 2015 Board meeting Underway the earned autonomy model for consideration and approval. Publish VRQA board-approved examples Underway of earned autonomy. Reduce the burden on multi-sector Establish integrated financial Completed providers by streamlining regulatory assessments for multi-sector education processes. By July 2015, the VRQA and training providers so that they will establish single, streamlined undergo one assessment for all processes that can apply to all registration types. registration types of a provider, rather Streamline the risk framework across all Completed than separate processes for each registration registration type, where it is practical to do so. Continue to advance and protect the Report to the February 2015 VRQA Completed interests of students, apprentices, Board meeting on the proposed financial trainees, parents and employers by risk criteria. actively managing and responding to Publish the approved financial risk criteria Completed compliance and financial failure risks. on the VRQA website by March 2015. By February 2015, the VRQA will identify and publish key risk factors, Provide education and training provider Completed and monitor providers against these and stakeholder workshops designed to factors in order to mitigate risks to help identify and address financial stress. consumers. Establish an annual process to reassess Completed the continued relevance of the financial risk framework. Where high risk is identified, take Ongoing appropriate action. Further improve the transparency of Review the VRQA website to strengthen Completed the VRQA’s regulatory processes and accessibility, usefulness and currency of support education and training information for education and training providers to reduce non-compliance. providers and stakeholders, with a view to By December 2014, the VRQA will improving online access for business make available information and advice transactions and registration activity. regarding the full range of its Review the of VRQA communication Completed regulatory activities, and to ensure its tools for effectiveness, for example VRQA published formal complaints policy e-news. includes responding to complaints
compliance regime and report to the VRQA. This will allow the VRQA to increase the focus of regulatory activity on higher risk providers. Develop a consistent risk framework in schools, VET and OSSEO units to inform the earned autonomy model. Completed Consult with education and training providers and stakeholders on the risk framework to inform the earned autonomy Completed Assess the legal and budgetary implications of options for earned autonomy for the VRQA operations. Underway Submit to the April 2015 Board meeting the earned autonomy model for consideration and approval. Underway Publish VRQA board-approved examples of earned autonomy. Underway Reduce the burden on multi-sector providers by streamlining regulatory processes. By July 2015, the VRQA will establish single, streamlined processes that can apply to all registration types of a provider, rather than separate processes for each registration type, where it is practical to do so. Establish integrated financial assessments for multi-sector education and training providers so that they undergo one assessment for all registration types. Completed Streamline the risk framework across all registration Completed Continue to advance and protect the interests of students, apprentices, trainees, parents and employers by actively managing and responding to compliance and financial failure risks. By February 2015, the VRQA will identify and publish key risk factors, and monitor providers against these factors in order to mitigate risks to consumers. Report to the February 2015 VRQA Board meeting on the proposed financial risk criteria. Completed Publish the approved financial risk criteria on the VRQA website by March 2015. Completed Provide education and training provider and stakeholder workshops designed to help identify and address financial stress. Completed Establish an annual process to reassess the continued relevance of the financial risk framework. Completed Where high risk is identified, take appropriate action. Ongoing Further improve the transparency of the VRQA’s regulatory processes and support education and training providers to reduce non-compliance. By December 2014, the VRQA will make available information and advice regarding the full range of its regulatory activities, and to ensure its published formal complaints policy includes responding to complaints Review the VRQA website to strengthen accessibility, usefulness and currency of information for education and training providers and stakeholders, with a view to improving online access for business transactions and registration activity. Completed Review the of VRQA communication tools for effectiveness, for example VRQA e-news. Completed
AnnlRport2014-15.docx