2022 risk assessment cycle
The 2022 risk assessment cycle uses the indicators set out in the TEQSA Risk Assessment Framework.
On 18 May 2022, the Department of Education sent advice to providers about the development and implementation of the Tertiary Collection of Student Information (TCSI) system. The Department reset key reporting and verification dates. The new reporting deadlines for student and staff data were set for August and September 2022 respectively, followed by data verification in October and November 2022.
As a result of the delayed implementation of TCSI, TEQSA will be undertaking a modified approach to the 2022 risk assessment cycle.
Key changes include:
- As the data for staff and students has been delayed, TEQSA will not provide a risk assessment for risk to students in the 2022 risk assessment cycle.
- We will be using the data collected through the HELP Information Technology System (HITS) and by the Department of Education, to prepare a risk assessment focused on financial position. This will include an assessment of financial viability and financial sustainability. Completed Financial Risk Assessment reports will be shared with providers in early 2023.
- The 2023 risk assessment cycle will include 2021 and 2022 student and staff data, and 2022 audited financial data.
As TEQSA requires multi-year data for a number of risk assessment metrics, providers registered after 1 January 2020, will not receive a risk assessment report.
Frequently asked questions for the 2022 risk assessment are also published to assist providers.
What stays the same?
- Provider risk assessments will continue to be treated confidentially by TEQSA.
- The outcome of the risk assessments will continue to inform TEQSA’s approach to regulation, which is guided by principles of risk, necessity, and proportionality.
- Regulatory history continues to be used to inform risk ratings. TEQSA weighs regulatory decisions made from 1 January 2020, and any active conditions on the provider’s registration when determining the overall ratings.
For more information on TEQSA risk assessment, please contact the Risk Team at risk@teqsa.gov.au.