Initial registration and accreditation 05 August 2026
Provider: Rara Edu Pty Ltd
Course: Bachelor of Information Technology
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
- 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:
- 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;
- Supporting financial assumptions and workings underpinning the updated business plan and corresponding financial projections in (a);
- An updated break-even analysis for the updated business plan and corresponding financial projections in (a), including any assumptions and workings;
- Analysis of adverse scenarios related to the updated business plan and corresponding financial projections in (a), including but not limited to:
- 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);
- 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).
- Strategies to support student recruitment, and an analysis of market risks from existing established FEE-HELP registered competitors as relevant to QIHE;
- Evidence of steps taken to prepare for student recruitment during the pre-operating phase;
- 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).
- 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.
- 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
- 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
- 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.
- 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.
- 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
- 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.
- 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):
- evidence of demonstrated internal financial and reporting controls exercised and planned, which sufficiently address the condition breach.
- 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.
- 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.
Decision
Decision Type
Accreditation
Decision ID
ID6263