We take a risk-based approach to regulation. This means that we focus regulatory attention on those providers that are at greatest risk of breaching their conditions of registration.
For such a risk-based approach to work effectively, we need to assess the risk of a breach of each condition. When assessing risk, we will consider the likelihood of something happening as well as the severity of the impact (on students in particular), if it does happen.
We undertake a risk assessment when a provider is first registered and this assessment is updated as we receive new information about the provider.
We do not systematically reassess each registered provider’s compliance with each condition of registration on a scheduled cyclical basis. Instead, we monitor providers in a risk-based way.
Providers which pose minimal regulatory risk should face minimal regulatory burden.