Rule GEN009: Financial reporting requirement if no other financial reporting

Type:

Rule or condition

To ensure ongoing eligibility for funding, tertiary education organisations (TEOs) other than institutions, not providing financial performance information to the Government, including Government agencies, must provide the Tertiary Education Commission (TEC) with an annual attestation, in the form of a Statutory Declaration, as to the financial stability of the TEO.

Such TEOs receiving more than $50,000 (excl. GST) from the TEC must also provide a Chartered Accountant’s attestation.

The attestation(s) must be provided to the TEC within 90 days of the TEO’s financial year end.