As an Australian Government-controlled not-for-profit entity, TEQSA is required to publish certain financial documents.
You can access current financial statements in the most recent annual report.
Procurement
TEQSA’s procurement policies and practices are consistent with all relevant Australian Government laws, the Commonwealth financial framework (including the Commonwealth Procurement Rules), and other applicable policies.
Tenders and major planned procurement
TEQSA advertises all tenders and all major planned procurement on the Australian Government tendering website, AusTender.
General purchase order conditions
The general conditions by which TEQSA (‘The Commonwealth’) enters into an agreement with a provider for the purchase of goods and/or services.
Read the General purchase order conditions (DOC)
Senate Order on entity contracts
On 20 June 2001, the Senate agreed to an Order requiring each Minister to table a letter advising that a list of contracts in respect of each entity administered by that Minister has been placed on the Internet with access to the list through the entity homepage. The letter must be tabled no later than two calendar months after the end of the calendar and financial years.
An amendment to the Order of 14 May 2015 requires all procurement contracts be listed in a report on the AusTender website, with non-procurement contracts to be listed on entity websites.
Commencing with the 2014-15 financial year report, non-corporate Commonwealth entities will use AusTender to satisfy the requirements of the senate order with respect to procurement contracts only. A listing of procurement contracts is available through the Senate Order link located on the AusTender homepage.
Senate Order listing
- TEQSA Senate Order for entity contracts 2023–24
- TEQSA Senate Order for entity contracts 2023 listing
- TEQSA Senate Order for entity contracts 2022–23 financial year listing
TEQSA legal services expenditure
TEQSA legal services expenditure for 2022–23
- External Legal Services expenditure: $371,831
- Internal Legal Services expenditure: $707,021
- Total (External + Internal) expenditure: $1,078,852
TEQSA legal services expenditure for 2021–22:
- External Legal Services expenditure: $453,105
- Internal Legal Services expenditure: $695,127
- Total (External + Internal) expenditure: $1,148,232
TEQSA legal services expenditure for 2020–21:
- External Legal Services expenditure: $392,738
- Internal Legal Services expenditure: $733,271
- Total (External + Internal) expenditure: $1,126,009
TEQSA legal services expenditure for 2019–20:
- External Legal Services expenditure: $194,149
- Internal Legal Services expenditure: $695,426
- Total (External + Internal) expenditure: $889,575
TEQSA legal services expenditure for 2018–19:
- External Legal Services expenditure: $337,359
- Internal Legal Services expenditure: $657,430
- Total (External + Internal) expenditure: $994,789
TEQSA legal services expenditure for 2017–18:
- External Legal Services expenditure: $420,135
- Internal Legal Services expenditure: $618,686
- Total (External + Internal) expenditure: $1,038,821
TEQSA legal services expenditure for 2016–17:
- External Legal Services expenditure: $259,118
- Internal Legal Services expenditure: $503,358
- Total (External + Internal) expenditure: $762,476
TEQSA legal services expenditure for 2015–16:
- External Legal Services expenditure: $114,082
- Internal Legal Services expenditure: $558,490
- Total (External + Internal) expenditure: $672,572
TEQSA legal services expenditure for 2014–15:
- External Legal Services expenditure: $130,010
- Internal Legal Services expenditure: $417,772
- Total (External + Internal) expenditure: $547,782
TEQSA legal services expenditure for 2013–14:
- External Legal Services expenditure: $59,997
- Internal Legal Services expenditure: $463,004
- Total (External + Internal) expenditure: $523,001
TEQSA legal services expenditure for 2012–13:
- External Legal Services expenditure: $79,613
- Internal Legal Services expenditure: $472,972
- Total (External + Internal) expenditure: $552,585
TEQSA legal services expenditure for 2011–12:
- External legal services expenditure: $48,552
- Internal legal services expenditure*: $263,529
- Total Legal Services expenditure: $312,081
* Internal expenditure includes direct and indirect costs related to TEQSA’s internal legal services.
Executive Remuneration Reporting
Executive Remuneration Reporting is now published in our annual report.
2017-18 Executive Remuneration Reporting
The following tables outline the remuneration of substantive TEQSA executives employed during the 2016-17 and 2017-18 financial years.
Table A (2017-18)
Remuneration paid to executives during the reporting period 2017-18
| Total Remuneration | Executives No. | Average Reportable Salary | Average Contributed Superannuation | Average Allowances | Average Bonus Paid | Average Total Remuneration |
|---|---|---|---|---|---|---|
| $ | $ | $ | $ | $ | ||
| $200,000 and less | 8 | 133,403 | 19,820 | - | - | 153,223 |
| $250,001 to $275,000 | 1 | 238,718 | 22,678 | - | - | 261,396 |
| $400,001 to $425,000 | 1 | 424,741 | - | - | - | 424,741 |
| Total number of executives | 10 |
Published on 31 July 2018
Table B (2017-18)
Remuneration paid to other highly paid staff in reporting period 2017-18
TEQSA did not have other highly paid staff with reportable remuneration of $200,001 or more in the reporting period 2017-18.
Table A (2016-17)
Remuneration paid to executives during the reporting period 2016-17
| Total Remuneration | Executives No. | Average Reportable Salary | Average Contributed Superannuation | Average Allowances | Average Bonus Paid | Average Total Remuneration |
|---|---|---|---|---|---|---|
| $ | $ | $ | $ | $ | ||
| $200,000 and less | 6 | 144,609 | 21,389 | - | - | 165,998 |
| $200,001 to $225,000 | 1 | 173,108 | 32,649 | - | - | 205,757 |
| $225,001 to $250,000 | 1 | 208,839 | 19,840 | - | - | 228,679 |
| $375,001 to $400,000 | 1 | 380,299 | 9,962 | - | - | 390,261 |
| Total number of executives | 9 |
Table B (2016-17)
Remuneration paid to other highly paid staff in reporting period 2016-17
TEQSA did not have other highly paid staff with reportable remuneration of $200,001 or more in the reporting period 2016-17.
Key requirements/definitions
The 'reportable salary' column is prepared on a cash basis using reportable salary as defined as the sum of:
- gross payments (including bonuses)
- reportable fringe benefits (net amount)
- reportable employer superannuation
as reported in an individual's payment summary.
The 'contributed superannuation' column is prepared on a cash basis using contributed superannuation as defined as follows:
- for individuals that are in a defined contribution scheme (e.g. PSSap), "contributed superannuation" should include the defined contribution amounts. This amount is typically located on the individual's payslips
- for individuals that are in a defined benefit scheme (e.g. PSS and CSS), "contributed superannuation" should include the Notional Employer Contribution Rate (NECR) amount, Employer Productivity Superannuation Contribution (also known as the Productivity Component) and any Additional Lump Sum Contribution paid during the financial reporting period.
This information is reported under Executive Remuneration Reporting Guidelines set out by the Department of Prime Minister and Cabinet.