Accountability

A school must meet any accountability and reporting requirements specified under the relevant legislation, our funding information or any funding agreement with us.

Rule MOR106[1] records the situations where TEOs must contact us. Financial accounting requirements for schools are specified in Rule GEN008 and Condition MOR003[2].

• [1]

  Condition MOR106: Notification of changes in circumstances

  Tertiary education organisations (TEOs) must contact the Tertiary Education Commission (TEC) in the following situations:

  • Any loss or damage to records that might affect the TEC’s ability to audit the TEO
  • Changes in circumstances that may impact on funding eligibility
  • Change in circumstances that may affect the TEO's ability to meet the conditions of the Investment Plan agreed with the TEC or the eligibility criteria or conditions related to funding.
• [2]

  Condition MOR003: Monitoring - non-TEI information requirements

  In relation to monitoring, private training establishments, rural education activities programmes, and schools must do all the following:

  • Make available any financial reports, statistical or other information necessary to demonstrate compliance with any condition attached to any funding, at the request of the TEC*
  • Inform learners when they enrol that their records may be accessed for monitoring and evaluative purposes
  • Co-operate with the TEC and provide access to their premises, employees and the information they hold, for the purposes of monitoring.

   

  *Note: This may include information about learner enrolment records, attendance and academic records.