Document ID: chunk:federal_register_of_legislation:F2022C00105:reg:6:p2
Version: federal_register_of_legislation:F2022C00105
Segment Type: reg
Provision Reference: reg 6 (pt 2/3)
Character Range: 39609–42857

or equivalent

b.    the provider's future directions in higher education have been determined, realistic performance targets have been established, progress against targets is monitored and action is taken to correct underperformance

c.    the provider is financially viable and applies, and has the capacity to continue to apply, sufficient financial and other resources to maintain the viability of the entity and its business model, to meet and continue to meet the requirements of the Higher Education Standards Framework, to achieve the provider's higher education objectives and performance targets and to sustain the quality of higher education that is offered

d.    the financial position, financial performance and cash flows of the entity are monitored regularly and understood, financial reporting is materially accurate, financial management meets Australian accounting standards, effective financial safeguards and controls are operating and financial statements are audited independently by a qualified auditor against Australian accounting and auditing standards

e.    risks to higher education operations have been identified and material risks are being managed and mitigated effectively

f.     mechanisms for competent academic governance and leadership of higher education provision and other academic activities have been implemented and these are operating according to an institutional academic governance policy framework and are effective in maintaining the quality of higher education offered

g.    educational policies and practices support participation by Aboriginal and Torres Strait Islander people and are sensitive to Aboriginal and Torres Strait Islander knowledge and cultures

h.    qualifications are awarded legitimately

i.      there are credible business continuity plans and adequately resourced financial and tuition safeguards to mitigate disadvantage to students who are unable to progress in a course of study due to unexpected changes to the higher education provider's operations, including if the provider is unable to provide a course of study, ceases to operate as a provider, loses professional accreditation for a course of study or is otherwise not able to offer a course of study

j.      the occurrence and nature of formal complaints, allegations of misconduct, breaches of academic or research integrity and critical incidents are monitored and action is taken to address underlying causes, and

k.    lapses in compliance with the Higher Education Standards Framework are identified and monitored, and prompt corrective action is taken.

6.3            Academic Governance

1.         Processes and structures are established and responsibilities are assigned that collectively:

a.    achieve effective academic oversight of the quality of teaching, learning, research and research training

b.    set and monitor institutional benchmarks for academic quality and outcomes

c.    establish and maintain academic leadership at an institutional level, consistent with the types and levels of higher education offered, and

           d.    provide competent advice to the corporate governing body and management on academic matters, including advice on academic outcomes, policies and