Renewal of course accreditation

Report on renewal of accreditation of 4 higher education course of study offered by LCI Melbourne Pty Ltd

On 20 August 2026, a delegate of TEQSA renewed, under section 56 of the Tertiary Education Quality and Standards Agency Act 2011 (TEQSA Act), the accreditation of the following courses offered by LCI Melbourne Pty Ltd, for a period of 7 years until 19 August 2033:

• Diploma of Fashion Styling
• Diploma of Fashion Design
• Diploma of Graphic Design
• Diploma of Interior Design

Main reasons for the decision

TEQSA made this decision on the basis that it was satisfied that the courses submitted by LCI Melbourne Pty Ltd for renewal of accreditation continue to meet the applicable Standards of the Higher Education Standards Framework (Threshold Standards) 2021.

Renewal of course accreditation

Report on renewal of accreditation of 4 higher education course of study offered by LCI Melbourne Pty Ltd

On 20 August 2026, a delegate of TEQSA renewed, under section 56 of the Tertiary Education Quality and Standards Agency Act 2011 (TEQSA Act), the accreditation of the following courses offered by LCI Melbourne Pty Ltd, for a period of 7 years until 19 August 2033:

• Diploma of Fashion Styling
• Diploma of Fashion Design
• Diploma of Graphic Design
• Diploma of Interior Design

Main reasons for the decision

TEQSA made this decision on the basis that it was satisfied that the courses submitted by LCI Melbourne Pty Ltd for renewal of accreditation continue to meet the applicable Standards of the Higher Education Standards Framework (Threshold Standards) 2021.

Renewal of course accreditation

Report on renewal of accreditation of 4 higher education course of study offered by LCI Melbourne Pty Ltd

On 20 August 2026, a delegate of TEQSA renewed, under section 56 of the Tertiary Education Quality and Standards Agency Act 2011 (TEQSA Act), the accreditation of the following courses offered by LCI Melbourne Pty Ltd, for a period of 7 years until 19 August 2033:

• Diploma of Fashion Styling
• Diploma of Fashion Design
• Diploma of Graphic Design
• Diploma of Interior Design

Main reasons for the decision

TEQSA made this decision on the basis that it was satisfied that the courses submitted by LCI Melbourne Pty Ltd for renewal of accreditation continue to meet the applicable Standards of the Higher Education Standards Framework (Threshold Standards) 2021.

Renewal of course accreditation

Report on renewal of accreditation of 4 higher education course of study offered by LCI Melbourne Pty Ltd

On 20 August 2026, a delegate of TEQSA renewed, under section 56 of the Tertiary Education Quality and Standards Agency Act 2011 (TEQSA Act), the accreditation of the following courses offered by LCI Melbourne Pty Ltd, for a period of 7 years until 19 August 2033:

• Diploma of Fashion Styling
• Diploma of Fashion Design
• Diploma of Graphic Design
• Diploma of Interior Design

Main reasons for the decision

TEQSA made this decision on the basis that it was satisfied that the courses submitted by LCI Melbourne Pty Ltd for renewal of accreditation continue to meet the applicable Standards of the Higher Education Standards Framework (Threshold Standards) 2021.

Renewal of registration

Report on renewal of registration for Edvantage Institute Australia Pty Ltd (formerly Global Higher Education Australia Pty Ltd)

On 5 August 2026, TEQSA renewed

• under section 36 of the Tertiary Education Quality and Standards Agency Act 2011 (TEQSA Act), the registration of Edvantage Institute Australia Pty Ltd (formerly Global Higher Education Australia Pty Ltd) as an Institute of Higher Education for a period of 7 years until 4 August 2033

Main reasons for the decision

TEQSA made this decision on the basis that it was satisfied that Edvantage Institute Australia Pty Ltd (formerly Global Higher Education Australia Pty Ltd) continues to meet the applicable Standards of the Higher Education Standards Framework (Threshold Standards) 2021.

Course accreditation

Report on accreditation of one higher education course of study offered by Australian School of Business Pty Ltd

On 31 August 2026, a delegate of TEQSA accredited, under section 49 of the Tertiary Education Quality and Standards Agency Act 2011 (TEQSA Act), the Master of Teaching (Early Childhood Education) offered by Australian School of Business Pty Ltd, for a period of 7 years until 30 August 2033.

Main reasons for the decision

TEQSA made this decision on the basis that it was satisfied that the course submitted by Australian School of Business Pty Ltd for accreditation meets the applicable Standards of the Higher Education Standards Framework (Threshold Standards) 2021.

Compliance assessment

Report on compliance assessment of the Australian National University

On 30 June 2025, TEQSA began a compliance assessment of the Australian National University (the ANU).

On 2 September 2026, TEQSA concluded its compliance assessment and imposed, under section 32 of the TEQSA Act, the following 4 conditions on the registration of the ANU:

Condition 1 - Governance and Council Strengthening Program

Nomination of Suitably Qualified Independent Expert(s)

1. Within 30 days of the imposition of this condition, the ANU must nominate to TEQSA:

1.1. a suitably qualified independent expert; or

1.2. a panel of suitably qualified independent experts

(together, the Independent Expert(s))

to undertake a 'Governance and Council Strengthening Program' with the ANU and its Council (the Governance and Council Strengthening Program).

2. The Independent Expert(s) for the Governance and Council Strengthening Program must be approved by a Director (or more senior officer) of TEQSA.
3. If a Director (or more senior officer) of TEQSA does not approve the Independent Expert(s) nominated by the ANU, the ANU must nominate another Independent Expert(s) to TEQSA within 21 days of receiving such notification.

Engagement of Suitably Qualified Independent Expert(s)

4. Within 21 days of a Director (or more senior officer) of TEQSA notifying the ANU that TEQSA has approved the Independent Expert(s), the ANU must engage the Independent Expert(s) to deliver the Governance and Council Strengthening Program.

Terms of Reference for the Governance and Council Strengthening Program

5. Within 90 days of the ANU's engagement of the Independent Expert(s), the ANU must submit to TEQSA a terms of reference for the Governance and Council Strengthening Program which it has developed in collaboration with the ANU Council and the Independent Expert(s).
6. The terms of reference must anticipate the Governance and Council Strengthening Program being delivered over 24 months.
7. The terms of reference for the Governance and Council Strengthening Program must be approved by a Director (or more senior officer) of TEQSA.

Note: If a Director (or more senior officer) of TEQSA does not approve the terms of reference for the Governance and Council Strengthening Program, TEQSA will provide reasons and recommendations for amendment.

8. If a Director (or more senior officer) of TEQSA does not approve the terms of reference for the Governance and Council Strengthening Program submitted by the ANU, the ANU must provide to TEQSA a revised terms of reference for the Governance and Council Strengthening Program within 28 days of receiving such notification. The revised terms of reference must be informed by the advice provided by the Director (or more senior officer) of TEQSA.

Deliverables for the Governance and Council Strengthening Program

9. The terms of reference for the Governance and Council Strengthening Program must include the following deliverables:

9.1. Developing a Financial Sustainability Plan, which:

a. is informed by the recent report titled 'Australian National University Financial Management' by the Australian National Audit Office (ANAO)

b. is informed by consideration of activities to support the ANU in achieving financial sustainability, including, regarding ANU's academic and other units:

i. the establishment of financial controls, accountabilities and reporting mechanisms as part of a management and performance reporting framework

ii. as necessary, reviews and updates to delegations to ensure effective budget controls.

c. is aligned with the ANU's Strategy, 'ANU by 2030'

d. sets out how the ANU will ensure its future financial sustainability.

9.2. Developing an Academic Plan or Academic Strategy which, along with ANU's Financial Sustainability Plan, is aligned with the ANU's Strategy, 'ANU by 2030'.

9.3. Undertaking a review and update of the ANU's Risk Management Framework.

9.4. Undertaking a review and update of the ANU's Strategic Risk Register including explicit consideration of reputational risk, governance risks and organisational culture.

9.5. Undertaking a program of assurance activities regarding the implementation, monitoring, and management of controls for delegations by the ANU Council and its Committees.

9.6. Undertaking a review and update of Council and Council Committee charters and statutes, including consideration of:

a. the extent to which the Australian National University (Governance) Statute 2024 clearly sets out the roles and responsibilities of the Council, Chancellor, Pro-Chancellor and Vice-Chancellor, the way these roles interact with one another and whether the roles and responsibilities are consistent with contemporary standards of governance

b. the extent to which the Standing Orders of the ANU Council and Council Committees are appropriate in facilitating the Council's effective performance of its functions

c. the appropriate composition of the Finance and Audit and Risk Committees

d. whether the Audit and Risk Committee should be entirely comprised of independent members

e. how the ANU can improve opportunities for both elected and appointed Council members to participate in Council committees

f. the extent to which the Guidelines for the Nominations Committee should provide for inclusion of the Chancellor, appointed members, elected members, and independent members

g. how the ANU can provide clearer expectations for the culture and conduct of Council, with reference to:

i. appropriate norms of behaviour, debate and decision making; practices to facilitate full participation of all council members; and confidentiality arrangements to support effective governance and decision making

ii. the priorities and principles proposed by the Expert Council on University Governance

iii. whether these expectations should be documented in the Council Charter or separate document

iv. whether Council should use these expectations for the purposes of reflecting on Council meetings, and more structured periodic reviews

v. whether agreement to follow these expectations should be a precondition to any member joining the Council or Council sub-committees.

9.7. Developing an Organisational Stakeholder Engagement Plan, following an exercise of stakeholder mapping, that enables the ANU Council to have assurance that the ANU meaningfully consults stakeholders on future proposals involving major financial or organisational change.

9.8. Developing a Council Engagement and Consultation Framework, which ensures ongoing consultation and engagement between the Council and ANU staff and students as well as staff and student unions, the ANU Governance Project Working Group, and any other key representative groups. The framework must identify:

a. consultation mechanisms to support greater transparency by sharing information about Council activities and meetings to the extent it is feasible to do so

b. how the Council will share information and consult about key issues, strategies, changes and responses being considered and planned by Council

c. ways the ANU Council can receive feedback and input from stakeholders to inform its decision-making.

9.9. Completing a review of how the ANU Council can ensure it maintains focus on strategic discussion to support effective governance and direction setting through:

a. ensuring that sufficient time in Council meetings is allocated to strategic, forward-looking discussions that inform ANU's direction, and

b. establishing a structured program of strategy discussions within the ANU Council's meeting schedule that ensure the ANU Council's strategic discussions are:

i. Informed by relevant evidence and reporting; and

ii. supported by a forward agenda of key strategic issues to be considered over time.

Delivery of the Governance and Council Strengthening Program

10. Within 24 months of a Director (or more senior officer) of TEQSA notifying the ANU that the terms of reference for the Governance and Council Strengthening Program have been approved, the ANU must complete the Governance and Council Strengthening Program of works to improve its governance and Council operations.
11. In delivering the Governance and Council Strengthening Program, the ANU must:

11.1. Facilitate attendance by the Independent Expert(s) at the majority of ANU Council meetings for at least 12 months from the date that TEQSA approves the appointment of the Independent Expert(s).

11.2. Schedule opportunities within meetings and separate meetings as needed to review and reflect on Council functioning and ongoing improvement, including feedback shared by the Independent Expert(s).

11.3. Facilitate attendance by the Independent Expert(s) at Committee meetings, as deemed appropriate by the Independent Expert(s).

11.4. Provide progress reports to TEQSA at 6 monthly-intervals over the 24 months of the Governance and Council Strengthening Program. The progress reports must:

a. be jointly signed off by the Chancellor and Independent Expert(s)

b. set out ANU's progress against the actions detailed in the Governance and Council Strengthening Program

c. set out any identified challenges to timely delivery of the program, specific actions to address the challenges, and the timeline for each action

d. set out an explanation of any deliverables completed at the time of reporting.

12. On written request of the ANU to TEQSA, a Director (or more senior officer) of TEQSA may extend the timeframes for completion of any of the requirements imposed by this condition.
13. This condition will cease to be in effect upon completion of all the above actions.

Condition 2 - Ensuring integrity at the University

1. Within 270 days of the imposition of this condition, the ANU must:

1.1. Undertake a review and update its declaration of interest policy, registers, procedures and relevant controls for Council, ANU executives and staff, with reference to giving the ANU assurance of effective management of conflicts whether they:

a. arise from personal, financial or other interests; or family, business, personal or other relationships;

b. are real or apparent.

1.2. With support of a person with relevant expertise that is independent of the ANU, establish training for the ANU Executive Committee and the ANU Council on integrity; covering lawful and ethical conduct, fraud, corruption, public interest disclosures and the management of conflicts of interest (Integrity Training).

1.3. Establish processes for delivery of the Integrity Training to the ANU Executive Committee and all members of the ANU Council annually.

1.4. Incorporate into the ANU's work in response to the Nixon Review about gender and culture matters at ANU former College of Health and Medicine, a program of work to support a 'speak up' culture that ensures staff and students feel safe reporting wrongdoing, raising concerns, and contributing feedback without fear of reprisal.

1.5. Establish processes for the ANU to have assurance that all members of Council and the ANU Executive Committee comply with declaration of interest and conflict of interest policies and procedures.

1.6. Publish the private interest declarations of the ANU Executive Committee on the ANU website and ensure that all declarations are updated at least annually.

1.7. Establish processes for the ANU to have assurance that:

a. all university management, academic and professional staff have made private interest declarations and that these are properly stored, managed and accessible.

b. arrangements have been made between the appropriate manager and staff member to manage the conflict, and the arrangements are recorded with the declarations.

1.8. Develop or update guidelines on managing conflicts of interest.

1.9. Ensure the ANU Council has assurance (including through appropriate evidence) that the ANU has complied with this condition.

2. Within 270 days of the imposition of this condition, the ANU is to provide evidence to TEQSA that it has undertaken the activities set out in this condition.
3. On written request of the ANU to TEQSA, a Director (or more senior officer) of TEQSA may extend the timeframes for completion of any of the requirements imposed by this condition.
4. This condition will cease to be in effect upon completion of all the above actions.

Condition 3 - Induction and training of Council Members

1. The ANU must, within 270 days of the imposition of this condition:

1.1. Ensure each new ANU Council member completes a comprehensive and timely induction that meets their needs, accounting for their experience and knowledge. This induction must include, but not be limited to, information about the ANU's legislative and governance framework as it applies to the work of the ANU Council.

1.2. Ensure ANU Council members are undertaking annual training which covers the role of Council, the responsibilities and expectations of Council members and appropriate behaviours for Council members and their obligations under the Public Governance, Performance and Accountability Act 2013 (PGPA Act).

1.3. Deliver and embed within ANU's policies and procedures, an ongoing development program for all ANU Council members to ensure their knowledge and understanding to perform their role is sufficient and up to date, including in relation to:

a. relevant developments in higher education; and

b. changes in governance expectations and regulatory requirements.

1.4. Ensure annually the ANU Council is provided with reports and records demonstrating compliance with this condition.

2. On written request of the ANU to TEQSA, a Director (or more senior officer) of TEQSA may extend the timeframes for completion of any of the requirements imposed by this condition.
3. This condition will cease to be in effect after 3 years from the date of imposition of the condition.

Condition 4 - Information flows to the Council

1. Within 270 days of the imposition of this condition, the ANU must:

1.1. Undertake a review of its processes for the provision of all relevant information to Council. The review must include, but not be limited to, correspondence to and from members of the ANU Council on behalf of the ANU or Council, reports of work delegated to members to be undertaken on behalf of Council, reports and advice from Council Committees especially related to issues or risks.

1.2. Ensure that relevant practices, processes, capabilities and assurance mechanisms are in place so that the Council has timely and sufficient information for effective oversight and discussions.

1.3. Establish and apply minimum requirements for the provision of information to support Council agenda items that require a decision. These should include, but not be limited to, minimum requirements for lead times for access to information before meetings, adequate background information and analysis, presentation of options, assessment and mitigation of risks and rationale to support recommendations.

1.4. Review and improve its standards and processes for keeping records of Council and Council Committee discussions and deliberations. This review should focus on the ANU Council and Council Committee agenda papers, meeting minutes, and formal correspondence and presentations to the ANU Council or its members.

1.5. Provide the ANU Council with records demonstrating compliance with this condition.

2. On written request of the ANU to TEQSA, a Director (or more senior officer) of TEQSA may extend the timeframes for completion of any of the requirements imposed by this condition.
3. This condition will cease to be in effect upon completion of all the above actions.

Main reasons for the decision

TEQSA made this decision in light of findings that the Australian National University did not meet the following provisions of the Higher Education Standards Framework (Threshold Standards) 2021:

Standard 6.1.1: There is a formally constituted governing body, which includes independent members, that exercises competent governance oversight of and is accountable for all of the higher education provider's operations in or from Australia, including accountability for the award of higher education qualifications, for continuing to meet the requirements of the Higher Education Standards Framework and for the provider's representation of itself.

Standard 6.1.3 The governing body attends to governance functions and processes diligently and effectively, including:

1. obtaining and using such information and advice, including independent advice and academic advice, as is necessary for informed and competent decision making and direction setting.

Standard 6.2.1: The provider is able to demonstrate, and the corporate governing body assures itself, that the provider is operating effectively and sustainably, including:

1. the governing body and the entity comply with the requirements of the legislation under which the provider is established, recognised or incorporated, any other legislative requirements and the entity's constitution or equivalent.
2. the provider's future directions in higher education have been determined, realistic performance targets have been established, progress against targets is monitored and action is taken to correct underperformance

...

5. risks to higher education operations have been identified and material risks are being managed and mitigated effectively.

TEQSA found that the ANU did not meet these provisions due to identified concerns regarding culture; confidentiality; conflicts of interest; strategic planning; informed decision-making; risk management; oversight of performance and subsidiaries; record-keeping; and training.

In making this decision, TEQSA has complied with the principles of regulatory necessity, reflecting risk and proportionate regulation as required by the TEQSA Act.

Right of review

The decision to impose conditions on the ANU's registration is a reviewable decision under section 183 of the TEQSA Act. A person whose interests are affected by a reviewable decision may apply to the Administrative Review Tribunal (ART) for an external review. Information about making applications to the ART, including the time limits, contact details, and fees payable, is available at https://www.art.gov.au/applying-review.

Further information

Information on TEQSA's regulatory approach and public reporting is available at www.teqsa.gov.au.

Registration and accreditation

Report on registration and accreditation of Rara Edu Pty Ltd

On 5 August 2026, TEQSA:

• granted, under section 21 of the Tertiary Education Quality and Standards Agency Act 2011 (TEQSA Act), the application by Rara Edu Pty Ltd trading as Quantum Institute for Higher Education for registration in the category of Institute of Higher Education for a period of 5 years until 4 August 2031.
• accredited, under section 49 of the TEQSA Act, the following courses offered by Rara Edu Pty Ltd trading as Quantum Institute for Higher Education for a period of 5 years until 4 August 2031:
  • Bachelor of Business
  • Bachelor of Information Technology

On 19 August 2026, TEQSA:

• imposed, under section 32 of the TEQSA Act, the following conditions on the registration of Rara Edu Pty Ltd:

Condition 1. Business Planning and Governance Oversight

1. By 19 February 2027, QIHE must provide updated business and financial planning documentation to TEQSA which must include (but is not limited to) the following, as considered and approved by QIHE's governing body:
   
   1. An updated business plan and corresponding financial projections, which are based on the indicative allocations for New Overseas Student Commencement (NOSC) places as part of the Department of Education's National Planning Level (NPL) managed growth strategy for international education;
   2. Supporting financial assumptions and workings underpinning the updated business plan and corresponding financial projections in (a);
   3. An updated break-even analysis for the updated business plan and corresponding financial projections in (a), including any assumptions and workings;
   4. Analysis of adverse scenarios related to the updated business plan and corresponding financial projections in (a), including but not limited to:
      
      1. Scenario(s) where anticipated projected enrolment targets are not met, consideration of any associated risks to financial viability (if any) and corresponding actions to mitigate risk(s) (if any);
      2. Scenario(s) where there are changes to the indicative allocations for NOSC places as part of the Department of Education's NPL managed growth strategy for international education, consideration of any associated risks to financial viability (if any) and corresponding actions to mitigate risk(s) (if any).
   5. Strategies to support student recruitment, and an analysis of market risks from existing established FEE-HELP registered competitors as relevant to QIHE;
   6. Evidence of steps taken to prepare for student recruitment during the pre-operating phase;
   7. Evidence that the governing body has assured itself that staffing projections will meet operational requirements, as relevant to the updated business plan and corresponding financial projections in (a).
   8. Credible business continuity plans, financial and tuition protection safeguards to ensure and mitigate disadvantage to students who may be adversely impacted by unexpected changes to the higher education provider's operations.
2. On written request of QIHE to TEQSA, a Director (or more senior officer) of TEQSA may extend the timeframes for completion of any of the requirements imposed by this condition.

Condition 2. Financial Viability and Sustainability

3. For the first 5 years after commencing the delivery of any of the accredited courses, within 2 months of the end of the financial reporting period, QIHE must provide TEQSA with following board approved financial information:

Financial Statements and Management Accounts

1. Actual annual financial and management reports for the income statement, balance sheet and cashflow statement verses the revised sensitised projections submitted as per condition 1.
2. The actual equivalent full time student load (EFTSL) for both domestic and international students enrolled during the financial reporting period versus the revised sensitised EFTSL projections submitted as per condition 1.
3. A copy of board minutes containing a review and approval of the management accounts and actual EFTSL projections.

Minimum Cash Reserve Requirements and Cash Flow Forecast

4. To assist with liquidity risk management, QIHE must at all times throughout the period of registration maintain, within QIHE's controlled bank accounts, minimum unrestricted cash reserves equivalent of 2 months operating expenses. The calculation of 2 months equivalent operating expenses is based on either a rolling cashflow forecast or average monthly expenditure as calculated from annual profit and loss projections submitted as per condition 1. If QIHE has enrolled overseas students, the unrestricted cash reserves of 2 months operating expense must be in addition to and separate from funds held in a designated account to meet its obligations under section 29(3) of the Education Services for Overseas Students (ESOS) Act 2000.
5. If the minimum cash unrestricted reserves referred to within paragraph 4 are not maintained, QIHE must notify TEQSA within 7 business days, together with its proposed action to bring the unrestricted cash reserves back into compliance with paragraph 4. The evidence must include (but is not limited to):
   
   1. evidence of demonstrated internal financial and reporting controls exercised and planned, which sufficiently address the condition breach.
   2. a copy of the rolling cash flow forecast for the reporting period in which the breach occurred and a revised annual cash flow projection for the upcoming 12 months.
   3. additional supporting documents and evidence to substantiate the cash flows, reserves and planned actions to prevent the reoccurrence of another breach.

Main reasons for the decision

TEQSA made these decisions in light of risks that Rara Edu Pty Ltd trading as Quantum Institute for Higher Education may not meet, or continue to meet, Standard 6.2.1 (b) and (c) of the Higher Education Standards Framework (Threshold Standards) 2021 in relation to Financial Viability and Sustainability.

Application to withdraw conditions

In accordance with section 32 of the TEQSA Act, TEQSA may vary or revoke a condition imposed on the registration of a higher education provider, either on its own initiative, or upon application by the provider for variation or revocation.

Registration and accreditation

Report on registration and accreditation of Rara Edu Pty Ltd

On 5 August 2026, TEQSA:

• granted, under section 21 of the Tertiary Education Quality and Standards Agency Act 2011 (TEQSA Act), the application by Rara Edu Pty Ltd trading as Quantum Institute for Higher Education for registration in the category of Institute of Higher Education for a period of 5 years until 4 August 2031.
• accredited, under section 49 of the TEQSA Act, the following courses offered by Rara Edu Pty Ltd trading as Quantum Institute for Higher Education for a period of 5 years until 4 August 2031:
  • Bachelor of Business
  • Bachelor of Information Technology

On 19 August 2026, TEQSA:

• imposed, under section 32 of the TEQSA Act, the following conditions on the registration of Rara Edu Pty Ltd:

Condition 1. Business Planning and Governance Oversight

1. By 19 February 2027, QIHE must provide updated business and financial planning documentation to TEQSA which must include (but is not limited to) the following, as considered and approved by QIHE's governing body:
   
   1. An updated business plan and corresponding financial projections, which are based on the indicative allocations for New Overseas Student Commencement (NOSC) places as part of the Department of Education's National Planning Level (NPL) managed growth strategy for international education;
   2. Supporting financial assumptions and workings underpinning the updated business plan and corresponding financial projections in (a);
   3. An updated break-even analysis for the updated business plan and corresponding financial projections in (a), including any assumptions and workings;
   4. Analysis of adverse scenarios related to the updated business plan and corresponding financial projections in (a), including but not limited to:
      
      1. Scenario(s) where anticipated projected enrolment targets are not met, consideration of any associated risks to financial viability (if any) and corresponding actions to mitigate risk(s) (if any);
      2. Scenario(s) where there are changes to the indicative allocations for NOSC places as part of the Department of Education's NPL managed growth strategy for international education, consideration of any associated risks to financial viability (if any) and corresponding actions to mitigate risk(s) (if any).
   5. Strategies to support student recruitment, and an analysis of market risks from existing established FEE-HELP registered competitors as relevant to QIHE;
   6. Evidence of steps taken to prepare for student recruitment during the pre-operating phase;
   7. Evidence that the governing body has assured itself that staffing projections will meet operational requirements, as relevant to the updated business plan and corresponding financial projections in (a).
   8. Credible business continuity plans, financial and tuition protection safeguards to ensure and mitigate disadvantage to students who may be adversely impacted by unexpected changes to the higher education provider's operations.
2. On written request of QIHE to TEQSA, a Director (or more senior officer) of TEQSA may extend the timeframes for completion of any of the requirements imposed by this condition.

Condition 2. Financial Viability and Sustainability

3. For the first 5 years after commencing the delivery of any of the accredited courses, within 2 months of the end of the financial reporting period, QIHE must provide TEQSA with following board approved financial information:

Financial Statements and Management Accounts

1. Actual annual financial and management reports for the income statement, balance sheet and cashflow statement verses the revised sensitised projections submitted as per condition 1.
2. The actual equivalent full time student load (EFTSL) for both domestic and international students enrolled during the financial reporting period versus the revised sensitised EFTSL projections submitted as per condition 1.
3. A copy of board minutes containing a review and approval of the management accounts and actual EFTSL projections.

Minimum Cash Reserve Requirements and Cash Flow Forecast

4. To assist with liquidity risk management, QIHE must at all times throughout the period of registration maintain, within QIHE's controlled bank accounts, minimum unrestricted cash reserves equivalent of 2 months operating expenses. The calculation of 2 months equivalent operating expenses is based on either a rolling cashflow forecast or average monthly expenditure as calculated from annual profit and loss projections submitted as per condition 1. If QIHE has enrolled overseas students, the unrestricted cash reserves of 2 months operating expense must be in addition to and separate from funds held in a designated account to meet its obligations under section 29(3) of the Education Services for Overseas Students (ESOS) Act 2000.
5. If the minimum cash unrestricted reserves referred to within paragraph 4 are not maintained, QIHE must notify TEQSA within 7 business days, together with its proposed action to bring the unrestricted cash reserves back into compliance with paragraph 4. The evidence must include (but is not limited to):
   
   1. evidence of demonstrated internal financial and reporting controls exercised and planned, which sufficiently address the condition breach.
   2. a copy of the rolling cash flow forecast for the reporting period in which the breach occurred and a revised annual cash flow projection for the upcoming 12 months.
   3. additional supporting documents and evidence to substantiate the cash flows, reserves and planned actions to prevent the reoccurrence of another breach.

Main reasons for the decision

TEQSA made these decisions in light of risks that Rara Edu Pty Ltd trading as Quantum Institute for Higher Education may not meet, or continue to meet, Standard 6.2.1 (b) and (c) of the Higher Education Standards Framework (Threshold Standards) 2021 in relation to Financial Viability and Sustainability.

Application to withdraw conditions

In accordance with section 32 of the TEQSA Act, TEQSA may vary or revoke a condition imposed on the registration of a higher education provider, either on its own initiative, or upon application by the provider for variation or revocation.