This document sets out the risk management framework used by TAC in support of the regulation and quality assurance of the vocational education and training (VET) sector in Western Australia.
How the TAC manages risk and the strategies used to identify, quantify and treat risks are central to the overall quality and integrity of the VET sector. The TAC Risk Framework (the Framework) describes the approach the TAC takes on the management of risk.
The TAC Risk Framework recognises that most RTOs within its jurisdiction have historically demonstrated they are motivated to provide quality training and meet the Standards. This strategy recognises the TAC’s role in providing support and education to assist RTOs in maintaining compliance, develop RTO capability and improve their business practices.
The TAC Risk Framework is underpinned by clearly defined principles including:
- Evidence-based – Risk analysis and regulation is informed by evidence obtained from a range of sources. Advice and information is gathered from VET stakeholders, the outcomes of complaints, the results of the TAC’s monitoring and audit processes, and data analysis.
- Responsive – The information collected is regularly reviewed to identify any changes in individual RTO or systemic risk. The TAC responses are adjusted as required. Timeliness of response is key when urgent issues impacting students and industry are identified.
- Adaptable – Emerging risks such as those associated with an industry sector or VET policy changes can be factored into the TAC risk assessment process and analysis, so that attention is focussed where required.
- Targeted, proportionate and timely – Individual RTO and/or systemic risk issues determine the focus, intensity and timing of the TAC’s regulatory response.
