Document ID: chunk:federal_register_of_legislation:F2021C01014:clause:1_4:p3
Version: federal_register_of_legislation:F2021C01014
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 3/3)
Character Range: 10400–11613

to the qualified independent financial auditor nominated by the National VET Regulator in a format that is in accordance with Australian Accounting Standards.

11 Assessment to be against common indicators
 (1) The assessment of financial viability risk will be undertaken by assessing common indicators of financial performance and position. These may include but are not limited to the following indicators:
            a)      Liquidity– including current ratio and cash flow assessments
            b)      Solvency – including debt to assets assessment, debt to equity assessment
            c)      Economic Dependency – for example, reliance upon government funded training, or reliance on a particular cohort of students (e.g. overseas students)
            d)      Revenue, profit and cash flow
            e)      Commercial risk
            f)       Audit opinion
            g)      Contingencies
            h)      Compliance with all of its statutory obligations (for example: GST, taxation, superannuation, Companies Code)
            i)        Compliance with accounting standards
            j)        Accounting policies – impact of the organisation's accounting policies on its financial risk.