Financial reporting

As an Australian Government-controlled not-for-profit entity, TEQSA is required to publish certain financial documents.

You can access current financial statements in the most recent annual report.

Procurement

TEQSA’s procurement policies and practices are consistent with all relevant Australian Government laws, the Commonwealth financial framework (including the Commonwealth Procurement Rules), and other applicable policies.

Tenders and major planned procurement

TEQSA advertises all tenders and all major planned procurement on the Australian Government tendering website, AusTender.

General purchase order conditions

The general conditions by which TEQSA (‘The Commonwealth’) enters into an agreement with a provider for the purchase of goods and/or services.

Read the General purchase order conditions (DOC)

Senate Order on entity contracts

Pursuant to the Senate Order on non-corporate Commonwealth entity contracts, this page sets out contracts entered into by the Tertiary Education Quality and Standards Agency (TEQSA) to the value of $100,000 or more (including GST) which:

  • have not been fully performed as at 30 June 2021; or
  • have been entered into during the 12 months prior to 30 June 2021.

The accountable authority of TEQSA has assured itself that the listed contracts do not contain any inappropriate confidentiality provisions.

Procurement contracts for 2020-21 financial year

Contracts arising from procurement for the 2020-21 financial year are directly available through the Senate Order Report on AusTender.

Non-procurement contracts for 2020-21 financial year

TEQSA legal services expenditure

TEQSA legal services expenditure for 2021–22:

  • External Legal Services expenditure: $453,105
  • Internal Legal Services expenditure: $695,127
  • Total (External + Internal) expenditure: $1,148,232

TEQSA legal services expenditure for 2020–21:

  • External Legal Services expenditure: $392,738
  • Internal Legal Services expenditure: $733,271
  • Total (External + Internal) expenditure: $1,126,009

TEQSA legal services expenditure for 2019–20:

  • External Legal Services expenditure: $194,149
  • Internal Legal Services expenditure: $695,426
  • Total (External + Internal) expenditure: $889,575

TEQSA legal services expenditure for 2018–19:

  • External Legal Services expenditure: $337,359
  • Internal Legal Services expenditure: $657,430
  • Total (External + Internal) expenditure: $994,789

TEQSA legal services expenditure for 2017–18:

  • External Legal Services expenditure: $420,135
  • Internal Legal Services expenditure: $618,686
  • Total (External + Internal) expenditure: $1,038,821

TEQSA legal services expenditure for 2016–17:

  • External Legal Services expenditure: $259,118
  • Internal Legal Services expenditure: $503,358
  • Total (External + Internal) expenditure: $762,476

TEQSA legal services expenditure for 2015–16:

  • External Legal Services expenditure: $114,082
  • Internal Legal Services expenditure: $558,490
  • Total (External + Internal) expenditure: $672,572

TEQSA legal services expenditure for 2014–15:

  • External Legal Services expenditure: $130,010
  • Internal Legal Services expenditure: $417,772
  • Total (External + Internal) expenditure: $547,782

TEQSA legal services expenditure for 2013–14:

  • External Legal Services expenditure: $59,997
  • Internal Legal Services expenditure: $463,004
  • Total (External + Internal) expenditure: $523,001

TEQSA legal services expenditure for 2012–13:

  • External Legal Services expenditure: $79,613
  • Internal Legal Services expenditure: $472,972
  • Total (External + Internal) expenditure: $552,585

 TEQSA legal services expenditure for 2011–12:

  • External legal services expenditure: $48,552
  • Internal legal services expenditure*: $263,529
  • Total Legal Services expenditure: $312,081

* Internal expenditure includes direct and indirect costs related to TEQSA’s internal legal services.

Executive Remuneration Reporting

Executive Remuneration Reporting is now published in our annual report.

2017-18 Executive Remuneration Reporting

The following tables outline the remuneration of substantive TEQSA executives employed during the 2016-17 and 2017-18 financial years.

Table A (2017-18)

Remuneration paid to executives during the reporting period 2017-18

Total Remuneration Executives No. Average Reportable Salary Average Contributed Superannuation Average Allowances Average Bonus Paid Average Total Remuneration
    $ $ $ $ $
$200,000 and less 8 133,403  19,820 - - 153,223
$250,001 to $275,000 1 238,718 22,678 - - 261,396
$400,001 to $425,000 1 424,741 - - - 424,741
Total number of executives 10          

Published on 31 July 2018

Table B (2017-18)

Remuneration paid to other highly paid staff in reporting period 2017-18

TEQSA did not have other highly paid staff with reportable remuneration of $200,001 or more in the reporting period 2017-18.

Table A (2016-17)

Remuneration paid to executives during the reporting period 2016-17

Total Remuneration Executives No. Average Reportable Salary Average Contributed Superannuation Average Allowances Average Bonus Paid Average Total Remuneration
    $ $ $ $ $
$200,000 and less 6 144,609 21,389 - - 165,998
$200,001 to $225,000 1 173,108 32,649 - - 205,757
$225,001 to $250,000 1 208,839 19,840 - - 228,679
$375,001 to $400,000 1 380,299 9,962 - - 390,261
Total number of executives 9          

Table B (2016-17)

Remuneration paid to other highly paid staff in reporting period 2016-17

TEQSA did not have other highly paid staff with reportable remuneration of $200,001 or more in the reporting period 2016-17.

Key requirements/definitions

The 'reportable salary' column is prepared on a cash basis using reportable salary as defined as the sum of:

  1. gross payments (including bonuses)
  2. reportable fringe benefits (net amount)
  3. reportable employer superannuation

as reported in an individual's payment summary.

The 'contributed superannuation' column is prepared on a cash basis using contributed superannuation as defined as follows:

  • for individuals that are in a defined contribution scheme (e.g. PSSap), "contributed superannuation" should include the defined contribution amounts. This amount is typically located on the individual's payslips
  • for individuals that are in a defined benefit scheme (e.g. PSS and CSS), "contributed superannuation" should include the Notional Employer Contribution Rate (NECR) amount, Employer Productivity Superannuation Contribution (also known as the Productivity Component) and any Additional Lump Sum Contribution paid during the financial reporting period.

This information is reported under Executive Remuneration Reporting Guidelines set out by the Department of Prime Minister and Cabinet.

Last Updated:

13 Oct 2022