RTO registration fees are only part of the cost of starting an RTO. This article separates the regulator's charges from the wider costs of being ready.
ASQA initial registration fees
Currently ASQA break the $7350 registration fee into 2 payments. Lodgment/application fee, $2350 and $5000 assessment fee.
Annual ASQA fees
Annual fees are calculated from the number of training products on scope and the number of unique students enrolled in the previous calendar year. In a first year, the charge uses the number of training products on scope and the lowest student tier, scaled by months registered (ASQA: annual registration charge).
Operating costs
Budget separately for the items your application must evidence, since ASQA expects resources to be in place before you apply:
- qualified trainers and assessors, and costs associated with ongoing VET PD and currency activities
- ongoing professional development activities for self and others within the RTO
- a learning management system and student management system
- learning and assessment resources, or licences
- facilities and equipment where the training product requires them
- compliance support, an accountant's review and legal advice
- working capital to run the business until enrolments generate revenue
- insurances
- self-assurance activities
Suggestion
Double check ASQA’s fees and calculated anticipated charges the week before submitting the application.
Planning to apply for RTO registration? RTO Consulting can help you prepare an application that is complete and compliant the first time.
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