Revoke Condition 17 August 2023

Provider: International Institute of Business and Technology (Australia) Pty Ltd

Revocation and Variation of Registration Conditions

Report on the revocation and variation of conditions imposed on the registration of International Institute of Business and Technology (Australia) Pty Ltd

On 17 August 2023 TEQSA revoked, under section 32 of the Tertiary Education Quality and Standards Agency Act 2011 (TEQSA Act), Condition 1 imposed on the registration of the International Institute of Business and Technology (Australia) Pty Ltd [IIBT] on 21 November 2018.

On 17 August 2023 TEQSA varied, under section 32 of the Tertiary Education Quality and Standards Agency Act 2011 (TEQSA Act), Condition 3 also imposed on the registration of the International Institute of Business and Technology (Australia) Pty Ltd [IIBT] on 21 November 2018:

Condition 3 (as varied)

By 29 March 2024 IIBT will submit to TEQSA the following:

  1. The current Strategic Plan for IIBT, which will include IIBT's future directions in higher education, its course profile, marketing strategy and student recruitment goals. It must also include quantifiable and qualifiable key performance targets and its timetable and metrics for monitoring progress in meeting its targets.
  2. Evidence that IIBT has reviewed the previous Strategic Plan with an assessment of where and why IIBT has and has not been able to meet the previous targets and goals.
  3. Evidence that the current Strategic Plan and assessment of the previous Strategic Plan have been considered and approved by IIBT's corporate governing body and is aligned with IIBT's current financial standing and projections as expressed in parts d) and e).
  4. A financial forecast including a projected income and expenditure statement for academic year 2024 where enrolment projections align with the goals stated in part a).
  5. A set of audited financial reports, including a balance sheet, and cash flow statement for the accounting period ending in 2023.

Main reasons for the revocation decision

TEQSA made the decision with regard to Condition 1 on the basis that it was satisfied that the condition is no longer necessary.

TEQSA made the decision with regard to Condition 3 on the basis that the reporting against required additional evidence and that the risks cited had yet to be fully addressed.