Change to financial status

You need to tell us if you enter voluntary administration or liquidation.

We need to be assured you have made proper arrangements for the completion or transfer of all current students.

Voluntary administration

When a provider enters voluntary administration, the business enters an arrangement where an administrator takes control, evaluates issues, and makes recommendations.

The business may continue to trade or cease trading during voluntary administration.

Liquidation

Liquidation occurs when an organisation is no longer financially viable. The owner has either voluntarily entered liquidation, or a creditor has requested liquidation.

When the control of a provider transfers to a liquidator it must cease trading.

Notifying ASQA of these changes

Complete a ‘Notification of material change or event’ form in asqanet.

Select the ‘Change to financial administration status’ option in the form.

You need to tell us about changes to your financial status as soon as possible.

RTOs have a maximum of 90 calendar days to tell us about this change.

Providers registered on CRICOS have a maximum of 10 business days to tell us about this change.