International Institute of Business and Technology (Australia) Pty Ltd: Re-registration 21 November 2018
Renewal of registration
Report on renewal of registration of International Institute of Business and Technology (Australia) Pty Ltd
On 21 November 2018, TEQSA:
- renewed, under section 36 of the Tertiary Education Quality and Standards Agency Act 2011 (TEQSA Act), the registration of International Institute of Business and Technology (Australia) Pty Ltd (IIBT) in the category of Higher Education Provider, for a period of three years until 21 November 2021
- revoked, under section 32 of the TEQSA Act, Condition 1 imposed on the registration of IIBT (refer public report of 19 March 2015)
On 17 December 2018, a delegate of TEQSA:
- imposed, under section 32 of the TEQSA Act, three conditions on the registration of IIBT.
Condition 1: Financial target and financial viability
By 28 February 2019, 28 February 2020 and 28 February 2021, IIBT must provide TEQSA with copies of:
- An updated business plan and financial forecast, approved by its corporate governing body, for the upcoming financial year (including financial projections in the form of an income and expenditure statement, balance sheet, cash flow statement, staff projections and student projections).
Condition 2: Academic staff
During the period in which it is registered as a higher education provider, IIBT must provide to TEQSA:
- by 28 February 2019, 28 February 2020 and 28 February 2021, a Scholarship Enhancement Plan for that year, approved by the Academic Board
- not later than 4 weeks prior to the commencement of each teaching period, a report which in relation to each staff member with academic leadership responsibilities and each staff member proposed to teach one or more units in IIBT courses, describes:
- whether the staff member is engaged on a full-time, part-time or casual basis;
- the highest qualification in the discipline of the course being taught;
- the units proposed to be taught in the next teaching period;
- relevant professional experience in the past 5 years;
- the scholarly activities undertaken in the previous six months and (where relevant) the amount spent by IIBT to support each of those activities; and
- how the scholarly activities undertaken by the staff member relate to the current Scholarship Enhancement Plan.
Condition 3: Strategic Plan
IIBT must provide to TEQSA:
- by 28 February 2019 a Strategic Plan approved by its corporate governing body. The Strategic Plan must show:
- IIBT's future directions in higher education, including its course profile, marketing strategy and student recruitment, and
- the key performance targets for monitoring progress against its Strategic Plan.
- in each subsequent year until further notice, a report detailing the action being undertaken by its corporate governing body to meet IIBT's future directions and key performance targets.
- from 28 February 2020, and each year thereafter in which IIBT is a registered higher education provider, a report on the graduate destinations of each of IIBT's higher education courses.
Main reasons for the decision
TEQSA made the decision to impose conditions in light of risks that International Institute of Business and Technology (Australia) Pty Ltd may not continue to meet, the following provisions of the Higher Education Standards Framework (Threshold Standards) 2015:
- Standards 3.2.2 to 3.2.4 in relation to academic staff.
- Standards 6.2.1 (paragraphs b and c) in relation to its future directions in higher education and financial viability
- Criterion B1.1.4 in relation to scholarship that informs teaching.
The three-year registration period addresses risk associated with ensuring the new management, governance and academic leadership arrangements at International Institute of Business and Technology (Australia) Pty Ltd can implement robust institutional quality assurance and provide effective corporate and academic governance.
TEQSA's assessment considered International Institute of Business and Technology (Australia) Pty Ltd's arrangements for delivery at all Australian sites.