Risk assessment cycle
2021 risk assessment
The 2021 risk assessment cycle uses the indicators set out in the TEQSA Risk Assessment Framework. The risk assessment uses student and staff data and audited financial data from 2020. This is the most up-to-date data available to TEQSA.
The content of the 2021 risk assessment report is also streamlined.
Key changes include:
- removing provider background and commentary
- replacing the regulatory history and CRICOS information with links to the National Register and PRISMS, and omitting the history of material change notifications
- classifying student data as domestic or international (rather than the confusion of onshore international and offshore domestic).
TEQSA will provide a single risk assessment report for 2021. This will not prevent providers from raising any issues, which if validated, will result in an updated report.
Frequently Asked Questions for the 2021 risk assessment are also published to assist providers.
What stays the same?
- Provider risk assessments will continue to be treated confidentially by TEQSA.
- TEQSA will send each provider registered on or before 1 Jan 2018* a risk assessment featuring information from various sources, including the Provider Information Request (PIR), Higher Education Information Management System (HEIMS), Tertiary Collection of Student Information (TCSI), the Quality Indicators of Learning and Teaching (QILT), findings from TEQSA’s assessment processes, and information from previous risk assessment cycles.
- The overarching framework of the risk assessment remains the same, with two headline risk ratings—Risk to Students and Risk to Financial Position, both of which are underpinned by a range of risk indicators relating to students, staff, and financial information.
- 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 the overall Risk to Students and Overall risk to Financial Position rating. TEQSA weighs regulatory decisions made from 1 January 2019, and any active conditions on the provider’s registration when determining the overall ratings.
- Based on the feedback received during the 2019 consultation, the Completions and Graduate Destinations indicators are not risk rated and therefore not considered in determining the overall risk to students.
- The risk assessment report shows benchmarking for staff and student risk indicators, to enable providers to consider how their data compares against similar providers. Benchmark groups are based on the provider categories.
* With the exception of providers registered on or after 1 Jan 2018 that received a 2020 risk assessment report.
For more information on the TEQSA risk assessment, please contact the Risk Team at risk [at] teqsa.gov.au.