The following terms, definitions and acronyms are used in the VET sector in Australia and by the Australian Skills Quality Authority (ASQA).
They are provided as general information only and this is not intended to be an exhaustive list.
F
A legislative instrument to ensure that an applicant or provider has the necessary financial resources for business continuity and can deliver quality outcomes.
Structured risk assessments of common indicators of financial performance, which determine an organisation’s likely business continuity and its financial capacity to deliver quality outcomes.
A legislative instrument used to determine fit and proper person requirements for persons who exercise a degree of control or influence over the operation of a registered training organisation.