Registered Training Organisations (RTOs) are unlike any other type of business. In all states except for Victoria and Western Australia, RTOs are regulated by the Australian Skills & Quality Authority (ASQA) under the VET Quality Framework. There are strict compliance requirements and significant penalties for non-compliance.
If you are considering buying or selling an RTO, you need a commercial lawyer with expertise in RTO transactions to protect your interests and reduce your risk.
An RTO business is not automatically transferrable from a seller to a buyer as may be the case with a normal business transaction. The sale of an RTO business must be structured differently to the usual business transaction. There are a number of areas that require specialist advice for both a seller and a buyer.
Our lawyers have the required experience and specialist knowledge to provide you with the advice required and run the transaction from start to finish.
To speak to one of our specialist lawyers, please contact us.