Document ID: chunk:federal_register_of_legislation:C2025C00046:section:15
Version: federal_register_of_legislation:C2025C00046
Segment Type: section
Provision Reference: s 15
Character Range: 46420–47743

15  Principle of reflecting risk
 (1) TEQSA complies with the principle of reflecting risk if its exercise of the power has regard to:
 (a) the entity's history, including the history of:
 (i) its scholarship, teaching and research; and
 (ii) its students' experiences; and
 (iii) its financial status and capacity; and
 (iv) its compliance with the Threshold Standards, this Act, this Act's associated provisions and other laws regulating education; and
 (b) matters relating to the risk of the entity not complying with the Threshold Standards, this Act or this Act's associated provisions in the future, including:
 (i) its internal quality assurance mechanisms; and
 (ii) its financial status and capacity; and
 (iii) the history of persons related to the entity.
 (2) For the purposes of subparagraph (1)(b)(iii), a person is related to a regulated entity if the person:
 (a) is able to control, or to materially influence, the entity's activities or internal affairs; or
 (b) is able to determine, or to materially influence, the entity's financial or operating policies; or
 (c) is financially interested in the entity's success or failure or apparent success or failure; or
 (d) is a holding company of the entity; or
 (e) is a subsidiary of the entity; or
 (f) is a subsidiary of a holding company of the entity.