Risk assessment cycle

2023 risk assessment cycle

The 2023 risk assessment cycle uses the indicators set out in the TEQSA Risk Assessment Framework.

For the 2022 risk assessment cycle, TEQSA undertook a modified approach by providing a risk assessment report focused on financial position only which included an assessment of financial viability and financial sustainability. This approach was taken because of the delayed implementation of Tertiary Collection of Student Information (TCSI), and consequent delayed availability of staff and student data. As the 2021 data for staff and students was delayed, TEQSA did not provide a risk assessment for risk to students in the 2022 risk assessment cycle.

For the 2023 Risk Assessment cycle we will:

  • include risk assessment for 2021 and 2022 student and staff data, and 2022 audited financial data
  • continue to share provisional risk assessment reports with providers. Providers will have an opportunity to comment on the provisional report before a final risk assessment report is completed.

As TEQSA requires multi-year data for a number of risk assessment metrics, providers registered after 1 January 2021, will not receive a risk assessment report.

Frequently asked questions for the 2023 risk assessment are also published to assist providers.

What stays the same?

  1. Provider risk assessments will continue to be treated confidentially by TEQSA.
  2. 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.
  3. Regulatory history continues to be used to inform risk ratings. TEQSA weighs regulatory decisions made from 1 January 2021, 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.

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