Rule MOR107: Accountability and reporting requirements—PTEs

Type:

Rule or condition

Private Training Establishments (PTEs) must comply with the accountability and reporting requirements as detailed below. This does not limit any accountability and reporting requirements a PTE may have under its Investment Plan or any funding agreement with the Tertiary Education Commission (TEC). The PTE must:

• Supply any financial, statistical or other information requested by the TEC in accordance with section 159ZE(2) or section YD(1) of the Education Act 1989. This includes providing annual financial statements within 90 days of the PTE’s financial year-end
• Prepare financial statements in accordance with the Generally Accepted Accounting Practices as prescribed by the New Zealand Institute of Chartered Accountants.