In the ever-evolving landscape of the VET sector, the revised (draft) Standards for RTOs have introduced a crucial Focus Area: Risk Management, stipulating that risk related to VET students, staff, and the RTO must be identified and managed effectively.

This risk management system also extends to managing:

✅conflicts of interest

✅ensuring the safety and wellbeing of VET students under 18 are aligned with the child-safe principles

✅ensure the ongoing suitability and safety of facilities, resources, and equipment provided by the RTO and third parties

✅risks associated with work-integrated learning, work placements, or other community-based learning.

💡 What does this mean for RTOs?

The benefits of a detailed risk management process are numerous:

➡️Early identification of potential issues

➡️Proactive measures to address potential threats

➡️Minimisation of financial losses

➡️Safer work environment

➡️Protection of reputation and prevention of reputational damage

➡️Increased confidence and resilience within the organisation

➡️Improved employee engagement and staff retention

➡️More strategic planning and informed decision-making

➡️Enhanced communication 

📢 The forecasted date of the release of the revised Standards for RTOs is mid-2025, but now is the time to start preparing.

As the new (draft) Standards for RTOs emphasise a whole-of-organisation approach to risk management, Harris Styles provides staff professional development (PD) on risk management specifically relevant for your RTO. For more information, please contact us at margaret@harrisstyles.com.au or call 0418 102 045.