Understanding the Change of Ownership Process
Navigating the change of ownership process for a Registered Training Organisation (RTO) involves meticulous planning and strict adherence to regulatory requirements. At SKG Consulting Services, we specialise in facilitating seamless ownership transitions, ensuring compliance with the Australian Skills Quality Authority (ASQA) standards.
Key Considerations for New Owners
Compliance History: New owners inherit the RTO’s compliance history, including any outstanding non-compliances or regulatory actions. Conducting thorough due diligence is essential to understand the organisation’s standing with ASQA. Scope of Registration: Ensure that the RTO is adequately resourced to deliver all training products on its scope of registration. This includes having qualified staff, appropriate facilities, and necessary equipment. Student Commitments: New owners are responsible for honoring existing student enrolments and maintaining the integrity of training and assessment services. This obligation underscores the importance of a smooth transition to uphold student trust and satisfaction.
How SKG Consulting Services Can Assist
At SKG Consulting Services, we offer comprehensive support throughout the change of ownership process, including: Regulatory Guidance: Assisting with the preparation and submission of the Notification of Material Change to ASQA, ensuring all evidentiary requirements are met. Due Diligence: Conducting in-depth assessments of the RTO’s compliance history, financial viability, and operational readiness to identify and mitigate potential risks. Documentation Support: Compiling and reviewing necessary documentation, such as the Financial Viability Risk Assessment Tool and Fit and Proper Person Declarations, to facilitate a successful ownership transfer. Ongoing Compliance Monitoring: Providing post-transition support to ensure continued adherence to ASQA standards, including assistance with potential audits and implementing quality assurance measures.
Partner with SKG Consulting Services
When an RTO undergoes a change in ownership, it’s imperative to notify ASQA promptly. This notification must be submitted via ASQAnet, ASQA’s online portal, and should include comprehensive evidence demonstrating that the new owners meet the Fit and Proper Person Requirements and possess the financial viability to sustain quality training outcomes. By partnering with SKG Consulting Services, you can navigate the complexities of RTO ownership changes with confidence, ensuring a compliant and efficient transition that upholds the quality and integrity of your training organisation.
Expert Support from a Qualified CPA
Our Principal Consultant, Khushboo, is a fully qualified Certified Practising Accountant (CPA) with over 15 years of experience in business advisory and compliance consulting. Her extensive financial and regulatory expertise ensures that your RTO change of ownership application is not only complete but strategically structured for long-term operational success.
Khushboo provides end-to-end support throughout the ownership transfer process — from initial due diligence to post-acquisition compliance. This includes:
Completion of the Financial Viability Risk Assessment (FVRA) Tool
Preparation of a Meticulous Business Plan
Whether you’re acquiring your first RTO or expanding your existing education portfolio, having a robust business and financial plan gives your venture a confident and compliant head start. Khushboo works closely with you to ensure your new RTO operates smoothly from day one, with all regulatory boxes ticked.
