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Due Diligence
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Due Diligence
Are you considering purchasing a Registered Training Organisation (RTO)? If yes, consider getting a due diligence conducted to make sure the organisation has not ever been under covert violations or criminal activities that you might be held accountable for in future.
In regard to RTOs, due diligence is a thorough evaluation carried out by a prospective buyer, specifically to determine its compliance with the regulations and norms. At RTO Point, we have specialists with experience in conducting RTO due diligence and transfer of ownership. We focus on:
- Compliance Due Diligence
- Financial Due Diligence
Why Due Diligence For RTOs?
RTOs must adhere to industry norms and regulations to ensure scrutiny. As a responsible owner/buyer, you must notify the ASQA whenever an RTO is sold. There is no need to get the sale approved, but the vendor must inform the ASQA about the sale.
Usually, an RTO purchase prompts an ASQA audit that can be efficiently handled by our team of RTO advisors. We assist you with:
- Identifying your legal and accounting obligations
- Conducting an audit and systems check of the RTO
- Ensuring compliance with the ASQA requirements
- Analysing the gathered data to ensure compliance
- Assistance with transfer of ownership
- Completion of ASQA and transfer of ownership forms
- Submission of forms to ASQA
Notification Requirements For Ownership Changes
When you change ownership of a provider, you have to send ASQA a Notification of Material Change. Asqanet, the web portal system for ASQA, is used to distribute this notice.
Other requirements include, completing a self-assessment form that will evaluate your adherence to the terms and conditions of the registration.