There’s a range of other documentation that you need to submit with your application when you submit it to ask her. This includes a strategic business plan. The strategic business plan, is what you work out with your financial viability, to identify what your three year plan, what do you plan with your growth of your organization? What resources are you able to access? And how are you going to deliver that training and assessment throughout the in the next three years, and it’s very important for the growth as well. Now, if you’re an enterprise RTO, and you decide that you want to set up as an RTO, you need to have a separate business plan that is written around your RTO and what you want within your RTO, you still can have bring in information about the entity that of the company have the enterprise RTO into that business plan. The business plan, though, however, needs to be very specific around your training and your forecasted income, and how you plan to deliver and assess that training. As stated earlier, you’ll need to do your financial viability assessment. And part of that is projected profit and loss. So there should be spreadsheets in place, identifying budgets, and what your plan is for the future. You’ll also need to have intensive training and assessment strategies that includes all of the requirements of how you’re going to conduct the training and assessment for each training product on your scope of registration. This training and assessment strategy is the core of your training and your application when you submit it to ask why it is one of the most important documents within your RTO. It’s so important that we have an eight week course on just how to write a training and assessment strategy because there is so much involved with writing and training and assessment strategy. And it’s the number one non compliance when you go to an article audit. So it’s really, really crucial for your organization. Then, of course, you’ve got to submit your training and assessment tools for each training product on your scope of registration that you wish to apply for as part of that process. And this includes what how you’re going to deliver the training, or delivery plan session plans is also the training materials, resources and equipment that you’re going to use for the delivery. And then what you need to have in place in order to assess, and you’ve got to have all of this in place. When you submit your application. It’s not something you can purchase later on, you’ve got to be able to demonstrate that with your application when you submit it. You also need to have a staff matrix in place for each trainer assessor, which demonstrates their skills and knowledge against the units or competencies that they will be delivering. This could be direct equivalent units that they may already hold with complemented with industry experience and knowledge. Or it could be that you need to map because they may not hold the direct equivalent units, you need to map all of their skills and knowledge against each unit of competency. You’ll also need to have a full set of policies and procedures that are written against the standards for artios. That includes the whole process of how you’re going to maintain, manage and maintain that quality delivery of training and assessment. You also need to submit marketing materials that includes all the training products that you’re going to be offering as part of your RTO. So whatever you put on your scope of registration for initial registration, you need to have marketing material that supports that. So that’s course flyers, your website and any other documentation that you’ll be providing to those students to help them determine whether you’re the suitable RTO for them and the training is suitable for them. So it’s really important that you get that right. And it can often be a non compliance as well. There are additional requirements that you need to submit, if you decide that you would like to go with criar costs. This includes a nine B approval, a nine B approval is your council approves the building for a capacity to be able to deliver education services within that premises, and it is a highly sought after requirement. In Victoria, all artios must also comply with this as well as Krakow’s providers. So what that means is you’ve got to provide a building plan. And that building plan of the floor plan includes each training room, how those rooms are set out with your tables and chairs and where your trainers are going to see where your counseling and support services are going to be as well and administration staff, and that the council would determine what the capacity of that building is, then ASCO will use that, coupled with your crisis timetable, which is the next section, we’re going to go through the crisis timetable lists every single training product that you wish to deliver over a period of time, what your capacity is, of each training room with your tables and chairs. And then they’ll determine the capacity of what you’ll be approved for based on your building plan, your class timetable, and how long you’ve been in the industry, how many training products, you’ve got a new scope. So it’s really, really important that you have a really good crackcast timetable, you’ll also need to have in place at an international student perspectives. This international student perspectives outlines the roles and responsibilities of the students what they need to know when living in Australia, what are their rights as a student within Australia, it’s understanding, you know, what shopping is like in Australia, how much things cost, living expenses, rent, it could be food, all different things to make sure that they understand what they’re coming into when they come into Australia, you’ll also need to have a letter of offer, which includes in the written agreement between the student and the RTO, when they come into your organization, and they sign this written agreement, understanding what all the fees are, what the requirements of the training are, and how much what the how long, the course will be going for as well. You need to also be able to demonstrate that you have a student support officer, and that the students support officer how they’re going to support the students, whilst they’re within your organization. If you decide to put elicos on your scope, you’ll also need to have an elicos academic manager in place who normally would have key soul qualifications or something similar to that, to be able to assist those students who come from non English speaking background, who will be learning English whilst they’re in Australia. So you may be asking, should I become an RTO? or expand into cry cos this might be things that you’re considering right now. So this will be determined by your current circumstances and where you are right now. So for example, you might be currently looking at your delivering non accredited training right now. And you might be deciding Should I become an RTO? and deliver accredited training? And why should I do that? So one of the things that you need to consider is if you are delivering non accredited training right now, is your industry requiring a qualification? So there are different reasons why you become an RTO. So for example, if you wanted to deliver training in individual support or aged care, it is a requirement of the industry that people who want to enter into roles within that industry, they must hold a cert three individual support as a minimum. So that would be a good reason why you would put become an RTO. But you might be delivering training in an industry where they don’t care whether you have a qualification or their staff members have a qualification, as long as they’ve done the training. So it may not be a requirement that you need to have nationally recognised qualifications and become an RTO because there is so much involved with becoming an RTO. But the advantages are that you get access to government funding as I stated earlier, there’s also some industries there are a lot of industries where they require their staff members to have a nationally recognised qualification because it reduces their insurance risks. So that is another reason why you would become an RTO. So are you in business right now, you don’t have to be it could be that you have another business, it might be a consulting business. And now you want to be able to deliver training and assessment as well. So that is a good reason why you may set up as an RTO. Because you want to complement the current services that you offer. Do you need a training background? No, you don’t. You hire trainers and assessors who know their stuff, and they know how to deliver training and assessment. Most RTO owners are entrepreneurs, they’re not necessarily trainers and assessors. I had I was a trainer and assessor when I owned my own RTO only deliver business, but I had 35 qualifications on my scope. And they range from aged care, disability, Community Services, hairdressing, boot beauty, tourism, hospitality, hospitality, event management, business, childcare, we had so many qualifications on the scope of registration. And I could not deliver training in all of those areas. I knew business. And that was my background. But that was it. So you don’t have to necessarily have a training background. But you do need to have a team that are on board that actually know what they’re doing. Are you currently delivering non accredited so I talked about that. And you might be wanting to become an RTO does your industry require I went through that as well. It may be that you now want to access to an international market, and bring international students into Australia. So that’s another good reason to become an RTO. We often get inquiries from people who come in, who wants to know about buying an RTO. So they are inquiring about that, and want to know what the process is, and whether we sell artios as well. There are lots and lots of Rhys of buying an RTO. And we’re going to go through some of those now. So when it comes to ask what they consider a change of ownership, which is when you buy an RTO is high risk. And what they determine is that, okay, if you want to buy an RTO, you need to demonstrate to us that you’re a fit and proper person that you’re financially viable, that you want to deliver quality education, that you have all of the resources in place. So there’s a lot of requirements around when you buy an RTO. So it’s quite risky if you buy an RTO, and they don’t have all of those things in place. Because as the new CEO, and the directors of that RTO, you become legally responsible, in accordance with ask requirements when you take over that RTO. So it may be that you say you can’t transfer an RTO registration to another company that you can buy shares in an RTO. And then you take over that RTO as well refers to this event as a change of ownership. So what does change of ownership mean? Change of ownership is where you changes to company shareholding and 50% or more are considered significant. And that would mean that they would want to consider all of those partners and directors within that company and that they meet the requirements of the standard. So ASCO considers a change of ownership to be a significant risk to the quality of education that we offer in Australia. And significant risk as to do you understand the requirements of the standards and the regulations that you need to comply with. So the change involves the same process as initial registration. So it’s pretty much the same. If you buy an RTO, it’s just the same as doing an initial registration, the process is just the same as was considers change of ownership as the purchase or avoiding the scrutiny applied to initial registration. And that has happened for many, many years in the past, where people just thought well of a buyer and RTO I avoid that whole process of initial registration. It might be quicker for me to do it that way. But what asked were found there was so many non compliances of people who bought an RTO because they really didn’t understand their responsibilities as the owner of that RTO. So ASCO scrutiny goes into quite significant in depth requirements. So the scrutiny is when notified of those significant changes of ownership. So it might be 50% or 100%. Ownership has changed and what they consider a change of ownership is 15% or more of the shares, and there’s someone else who comes in there, you will be required to undertake additional scrutiny, which includes a self assessment. So this scrutiny is applied to ensure providers are appropriately prepared to be able to deliver quality education and training. So they have the assessment tools, they have the trainers and assessors that have all of the equipment required, they have the training rooms, they have everything in place to be able to continue to deliver that training, and continue to be resourced. With that, all of that quality equipment. And do you understand what the requirements are to comply with the regulatory requirements, including the requirements around fit and proper person requirements. So the process for change of ownership, both the current CEO and the future CEO, are required to notify our squat of change of ownership within 90 days of that change of ownership. So that’s the asik company records that have changed to the new directors within that 90 day period, you need to notify ASCO, and in that time, you need to make sure all of the documentation is in place for that submission of a self assessment in during that 90 day period. So you’ve got to actually submit that with your change of ownership. This includes completion of a fit and proper person form for changes in 15% of the shares or more. And the new owner will be subjected to an self assessment and a compliance audit, where ASCO will come out and conduct an audit. So for 50% or more of change of ownership within a 12 month within that first 12 months of period, you’ll be required to complete a financial viability risk assessment tool. So that will need to be submitted with your self assessment, you need to complete Section A of the self assessment tool for change of ownership. This must include the required supporting evidence, so policies, procedures, documentation, training and assessment, track strategies, training, tools, assessment, tools, delivery and assessment. But there’s a whole heap of documents a lot, a lot of documents you need to submit, there are two versions of this tool, a standard version and a version for our cost providers. So if you wish to also purchase a lacrosse organization as well. Now, if 100% of ownership changes over where a training provider takes over 100% of the shareholdings over a 12 month period. So it could be so this means that you may only buy 15% shares, but within that 12 month period from when you bought 15%. If you take over 100%, within that 12 month period, that would trigger this self assessment. So the best way to do this is to stay on for, you know, 13 months, so that you get past the 12 month period. And that way, you should be delivering their training and assessment with the new with the old owner. So that you’re learning, basically, that’s what ESCO want you to do, they want you to learn how to run an RTO through being with the previous owner of the RTO. So this is a requirement. If asked, and the provider has either on and no ongoing students or not had more than 10 students complete a course within the last 12 months of registration, you’ll need to complete Section A and B as well, whether that’s 100% or 50% of the shares. So as far as who responds to change of ownership, so ownership, once the notification has been submitted to ASCO, that means that we’re in that process of change of audit ownership, there will be a compliance audit. So somewhere in the next 12 months, and often it can be triggered straightaway. So depending on what’s on Ask was timetable, it could happen within a month of change of ownership, you’ll be audited. So just like an initial registration, so you’ll need to provide all of the evidence, as per an initial registration would add in the compliance audit. So you need to submit all of the documentation for self assessment. And they’ll get you to do the self assessment tool and focus on whether the new owner so this is what ask will do has sufficient resources in place to be able to continue running their RTO they review all of your documentation and your audio to determine that you have sufficient support for your students. And if noncompliant regulatory action can happen. So that could include cancellation of your registration. So these increased scrutiny is for the first 12 months while you’re owning and operating the audio, and there will be charges additional charges from escuela to you, for those audits. And for all this process, it actually ends up costing more than doing an initial registration, when it comes to all the fees that you pay to ask are compared to initial. So it’s a lot more involved. I’ll give you an example of a client that we had recently, actually, they actually came to us about two years ago, or two and a half years ago. And they wanted us to do, they’ll use going to buy an RTO. He was a trainer or assessor of that RTO. And he wanted to buy the RTO. There was a lot of issues with the onar, they put it off there was sick, there was all sorts of issues. And then he came back to us this year, two and a half years ago, very different if you’re going to buy an RTO. Now, massive, massive changes. So he came back to us this year. He bought the RTO didn’t do anything with us for due diligence, just bought it. ASCO came out, canceled the original registration. He lost all of the money that he paid for the RTO as well as all of the other fees and stuff that he paid for ASCO fees and consultant fees and things like that, lost all of that. And now he’s doing initial registration with us. So it is a big risk. Do you know who you’re dealing with, when you’re buying the RTO? You need to be very, very careful with what you’re doing when you buy an RTO. And as you can see, ASCO considers it an initial registration to how are you complying with that.